BTC Plunges Below $60K as Halving Nears
Bitcoin’s value has dipped under the $60,000 mark, accompanied by traders liquidating over $115 million in positions within a 4-hour window, potentially driven by the imminent Bitcoin halving event.
Bitcoin’s value has dipped under the $60,000 mark, accompanied by traders liquidating over $115 million in positions within a 4-hour window, potentially driven by the imminent Bitcoin halving event.
Heightening fears of conflict between Iran and Israel largely triggered Friday’s $860 million crypto market liquidation, according to QCP Capital. Geopolitical instability often drives investors away from risky assets like cryptocurrencies, seeking safer investments, resulting in sell-offs across risk asset classes.