Bitcoin Prices Plunge Below $60,000 As Profit Taking And Miner

Jun 25, 2024 · Bitcoin prices fell to less than $60,000 earlier today as multiple factors, including profit taking, the Mt. Gox announcement and miner sales fueled losses.

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Bitcoin Prices Plunge Below $60,000 As Profit Taking And Miner

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Jun 25, 2024 · Bitcoin prices fell to less than $60,000 earlier today as multiple factors, including profit taking, the Mt. Gox announcement and miner sales fueled losses.

forbes.com

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Bitcoin Falls Back Below $60,000 After Epic Rally - Forbes

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Feb 28, 2024 · Bitcoin prices declined to less than $60,000 this afternoon after approaching $64,000. Analysts cited profit taking as being the primary cause of this pullback.

forbes.com

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Bitcoin Price Sinks Below $60k First Time In 50-Days: Miners

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When valued the Bitcoin’s 50-day Simple Moving Average price of $65,449, the miners have effectively unloaded over $760 million worth of BTC on the markets over the last two months.

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Bitcoin Could 'easily' Fall To $60,000 If Decline Continues. Here's …

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Mar 19, 2024 · While bitcoin's overall uptrend remains intact, it could easily dip back down below $60,000, according to Kruger. Bitcoin ETFs on Monday saw net outflows for the first time since …

morningstar.com

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Bitcoin's Sharp Plunge Below $60,000: Are Speculators And Miners …

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Jun 27, 2024 · Discover how speculators and Bitcoin miners influenced BTC’s recent drop below $60,000. An in-depth analysis by on chain expert Willy Woo reveals potential market recovery …

thecurrencyanalytics.com

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Analyst Says Speculators And Bitcoin Miners Responsible For BTC’s ...

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Jun 26, 2024 · Bitcoin Mining Stocks Shine ... Bitcoin Miners Responsible for BTC’s Recent Plunge Below $60,000. ... in a cascading long squeeze,” ultimately causing BTC to fall below …

bitcoin.com

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Exploring The Factors Behind Bitcoin’s Recent Price Decline

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Jun 25, 2024 · As Bitcoin experiences a dip below the $60,000 mark, the digital currency faces a complex interplay of influences. Profit-taking maneuvers by long-term investors and …

bitperfect.pe

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Bitcoin Drops Below $60,000 As US Miners Sell Under Strain

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Jun 25, 2024 · Analysts attribute the price decline more to Bitcoin miner capitulation than the Mt. Gox news. The BTC price has recovered back to $61,500. ... Bitcoin Falls Below $60,000: US …

crypto-news-flash.com

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Bitcoin Prices Plunge Below $60,000 As Profit Taking And Miner ...

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Sep 17, 2024 · Bitcoin prices fell below the psychologically significant $60,000 level today, as multiple factors, including profit taking and miner selling, weighed on the digital currency. Buy …

ixfi.com

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Bitcoin Miners Responsible For BTC’s Recent Plunge Below $60,000

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Jun 28, 2024 · Recently, Bitcoin’s price plunged below $60,000, leaving investors and analysts puzzled. In this article, we will delve into the role of Bitcoin miners in contributing to this …

stockcoin.net

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Bitcoin Price Drop Caused By Profit-taking And ... - CoinJournal

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1 day ago · Bitcoin fell below $90,000 for the first time in two months, dropping 3.6% in 24 hours as the market experienced selling pressure. Data from CoinMarketCap shows that Bitcoin’s …

coinjournal.net

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What Caused Bitcoin To Break $60,000, And How Retail Investors …

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Apr 20, 2021 · The price of Bitcoin (BTC) hit just under $62,000 on March 13 before catching its breath. Two days later, it fell below $55,000. Two days later, it fell below $55,000.

forbes.com

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This Is Why Bitcoin's Price May Drop Below $60,000 - BeInCrypto

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Sep 26, 2024 · Bitcoin Price May Drop Below $60,000 Due to Heavy Profit Taking 2 mins. By Aaryamann Shrivastava. 26 September 2024, 13:29 GMT+0000. Updated by Harsh Notariya . …

beincrypto.com

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Bitcoin Price Drops Below $60,000: Key Reason Explained - NewsBTC

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The Bitcoin (BTC) price has fallen to a low of $59,604 today, marking a 4% decrease. Here's the key reason! ... Bitcoin Price Drops Below $60,000: Key Reason Explained. Jake Simmons. ...

newsbtc.com

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Bitcoin Price Tumbles Below $66,000: 4 Major Reasons - NewsBTC

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Apr 2, 2024 · The Bitcoin market has witnessed a significant downturn, with prices plummeting below the $66,000 mark. This abrupt -5.6% price movement can be attributed to four major …

newsbtc.com

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Bitcoin Below $60K Could Trigger 'Panic' Selling, Crypto Analyst Says

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May 13, 2024 · Bitcoin {{BTC}} could see a panic sell-off if it closes under the $60,000 level in the coming days, according to FxPro trader Alex Kuptsikevich. Crypto traders are targeting a …

businessinsider.com

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Bitcoin Falls Below $60,000. Here's Why I'm Still Riding The ...

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Sep 10, 2024 · If you're like most Bitcoin (CRYPTO: BTC) investors, you're probably more than a bit concerned right now. Something is just not right. After hitting a new all-time high of $73,750 …

yahoo.com

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Bitcoin Could Slide To $60,000, Technical Analyst Warns

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Dec 27, 2024 · Crypto chart analyst Ali Martinez outlines why renowned experts predict Bitcoin could drop to $60,000. ... 70,000 seems plausible as Bitcoin trades below $93,806, with little …

benzinga.com

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Why Bitcoin Price Dropped Down To $36,200 | Bitcoinist.com

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According to a chart posted on X (formerly Twitter) by crypto analyst Ali Martinez, the major profit-taking was being done by large investors. These Bitcoin whales have been taking profits and …

bitcoinist.com

FAQs about Bitcoin Prices Plunge Below $60,000 As Profit Taking And Miner Coupon?

Why did Bitcoin prices fall below $60,000?

Bitcoin prices fell below the psychologically significant $60,000 level today, as multiple factors, including profit taking and miner selling, weighed on the digital currency. The world’s most valuable cryptocurrency by total market value dropped to nearly $58,400 around 4:30 p.m. EST, according to Coinbase data provided by TradingView. ...

How many BTC have bitcoin miners sold?

Evidently, Bitcoin miners have sold 11,616 BTC from their reserves between April 23 and June 24. When valued the Bitcoin’s 50-day Simple Moving Average price of $65,449, the miners have effectively unloaded over $760 million worth of BTC on the markets over the last two months. ...

How much is bitcoin worth?

“In the most recent cycle, short-term holders had Bitcoin valued at $218.9 billion. While most were initially in profit, they started to sell actively. About one month after this period, the maximum price drawdown from the period's high is approximately -6%,” the analysts said. ...

Why did bitcoin retest its 72,000 all-time highs?

The chart above shows that Bitcoin miners cumulative reserves rose to 1,828,622 BTC on April 23. But barely 3-days after the halving, the miners entered a selling frenzy, capitalizing on the rising prices as demand from the newly-approved Bitcoin ETFs propelled BTC to retest its $72,000 all-time highs by May 21. ...

Will bitcoin's price rise over time?

“We expect to see profit taking at multiple points, but we also expect to see Bitcoin’s price rise over time as it has throughout the years,” he stated via emailed comments. “While we may soon be at all time highs for Bitcoin, new highs are the norm for experienced Bitcoin investors,” said DiPasquale. ...

Will a halving in April boost the bitcoin market?

Since March, the market has been range-bound between $60,000 and $70,000, with the halving event in April not providing the expected boost due to a general lack of market catalysts, a trader said. One firm said short-term bitcoin holders, who have historically influenced market trends, might play a significant role in the coming months. ...