Bitcoin Surges, Then Drops Sharply
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Bitcoin's positive start to the week saw it climb to $70,000. However, this was followed by a sharp decline to $66,700 on Monday. This sudden drop prompted a market correction.
The drop in Bitcoin's price exerted downward pressure on the recovery of altcoins. This was largely due to the intense supply of BTC at the $70,000 level.
Source: en.bitcoinhaber.net ↗
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