Here’s Why The Bitcoin Price Crashed Below $58,000

Quick Summary:

Bitcoin has dropped to as low as $58,000 in the last 24 hours, having failed to once again hold above the crucial support at $60,000.

Different analysts have suggested that the CME gap caused this price decline and that BTC could enjoy a relief bounce going forward.

Crypto expert Michael van de Poppe also confirmed that the CME gap has closed and predicted that it’s time for BTC to bounce up.

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Article Details

Author / Journalist: Scott Matherson

Category: Crypto

Markets: HungaryGermany

Topics: BTCUSDT Bitcoin news Btcusd BTC news Bitcoin price Btc price Bitcoin Btc Bitcoin

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-04 @ 14:00:34 (3 days ago)

News Timezone: GMT +8:00

News Source URL: bitcoinist.com

Language: English

Article Length: 468 words

Reading Time: 3 minutes read

Sentences: 34 lines

Sentence Length: 14 words per sentence (average)

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

Copyright Owner: © Bitcoinist

News ID: 21481852

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About Bitcoinist

Main Topics: Crypto

Official Website: bitcoinist.com

Update Frequency: 6 posts per day

Year Established: 2014

Headquarters: Hungary

News Last Updated: 10 hours ago

Coverage Areas: Hungary

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

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Website Security: Secure (HTTPS)

Publisher ID: #105

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