Bitcoin Dips Below $60K as Volatility and Recession Fears Mount
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After a bearish conclusion to the Bitcoin ETFs market, the price of Bitcoin (BTC) has dropped below $60K. On Sunday, BTC crashed by 3.65%, influenced by increasing market volatility and concerns about a potential U.S. recession. The price also failed to surpass the 50-day Exponential Moving Average (EMA), leading to increased supply pressures for Bitcoin.
Source: coinpedia.org ↗
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