<a href="https://bitcoinworld.co.in/bitcoin-btc-price-falls-below-58k-for-the-first-time-in-2-months/" title="Bitcoin (BTC) Price Falls Below $58k For The First Time In 2 Months" rel="nofollow"></a>
<ul> 
 <li style="font-weight: 400">The price of Bitcoin (BTC) briefly dropped below $58k to as low as $57,900 amid a wider sell-off in the crypto market.</li> 
</ul> 
The price of <a href="https://bitcoinworld.co.in/bitcoin-btc-price-at-60k-is-this-a-pullback-before-a-rise-to-71k/">Bitcoin</a> (BTC) briefly dipped as low as $57,874 on July 4, the first time the asset has fallen below the $58,000 mark in more than two months.&nbsp; 
<figure id="attachment_76102" aria-describedby="caption-attachment-76102" style="width: 100%" class="wp-caption aligncenter">
 <img loading="lazy" decoding="async" class=" wp-image-76102" src="http://bitcoinworld.co.in/wp-content/uploads/Bitcoin-Price-Chart-18-483x300.png" alt="" width="589" height="366" srcset="https://bitcoinworld.co.in/wp-content/uploads/Bitcoin-Price-Chart-18-483x300.png 483w, https://bitcoinworld.co.in/wp-content/uploads/Bitcoin-Price-Chart-18.png 760w" sizes="(max-width: 589px) 100vw, 589px">
 <figcaption id="caption-attachment-76102" class="wp-caption-text">
 Bitcoin Price Chart | Source: Coinstats
 </figcaption>
</figure> 
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BTC’s price action has since leveled out and is currently trading for $58,964 at the time of publication, but still down 3.4% on the week, per Coinstats <a href="https://coinstats.app/coins/bitcoin/">data</a>. 
Bitcoin’s price slump comes as traders looking to make leveraged bets on price increases have seen millions in their long positions wiped out.&nbsp; 
More than $64.2 million in Bitcoin long positions have been liquidated in the last 24 hours, according to data from CoinGlass.&nbsp; 
Other majors and altcoins have witnessed significant slumps in price as well, with Ether (ETH) currently down 4.5% on the day, and briefly falling as low as $3,145 during the sharp sell off at 2am UTC on July 4. 
Meanwhile Binance Coin (BNB) is down 6% on the day falling from $573 to $539 at the time publication. 
Solana (SOL) also pared much of its recent gains, dropping 10.3% in the last 24 hours, plunging from a weekly high of $154 to $136 at the time of publication. 
Disclaimer: The information provided is not trading advice. Bitcoinworld.co.in holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.

Bitcoin (BTC) Price Falls Below $58k For The First Time In 2 Months

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