The leading cryptocurrency, Bitcoin, has seen its price dip below the $61,000 mark. This downward trend has persisted for several months.
Increased selling activity on Binance, a major cryptocurrency exchange, is one of the primary factors contributing to this decline. The selling pressure has been strong enough to overshadow the buying demand coming from the United States.
The continuous sell-off has naturally put downward pressure on Bitcoin's price, influencing the overall market sentiment.
