Dumb Money May Cause Bitcoin Price Correction, Here’s Why

Quick Summary:

Whilst, analysts are concerned about dumb money invading the territory and pushing the Bitcoin price lower.

The Bitcoin (BTC) price is facing significant downward pressure.

As of now, BTC trades at around $64,000 remaining stagnant amid the unfavorable market conditions.

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Article Details

Category: Crypto

Markets: India

Topics: Bitcoin News 24/7 Cryptocurrency News Bitcoin Price Analysis Bitcoin price correction Bitcoin (BTC) Price Bitcoin whales

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-06-23 @ 08:30:42 (1 weeks ago)

News Timezone: GMT +8:00

News Source URL: coingape.com

Language: English

Article Length: 691 words

Reading Time: 4 minutes read

Sentences: 59 lines

Sentence Length: 12 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CoinGape

News ID: 21342753

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About CoinGape

Main Topics: Crypto

Official Website: coingape.com

Update Frequency: 36 posts per day

Year Established: 2017

Headquarters: India

News Last Updated: 8 hours ago

Coverage Areas: India

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Publication Timezone: GMT +8:00

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Publisher ID: #59

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