Bitcoin Plummets Below $60K As Genesis Moves $1.5 Billion in Crypto Repayments
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The cryptocurrency market experienced a significant drop in market capitalization over the past weekend. This decline was marked by a sharp plunge in prices. Bitcoin, a market leader, has fallen below the $60,000 mark. One notable event during this period was Genesis moving $1.5 billion in crypto repayments.
This substantial transfer by Genesis has caught the attention of market analysts. The movement of such a large sum has had a ripple effect on the entire crypto market.
As the prices continue to fluctuate, investors are closely monitoring the situation. The drop in Bitcoin's value is significant given its previous highs.
Source: en.coinotag.com ↗
