Bitcoin Dips Below $60,000 Amid Market Turbulence
Cryptocurrency faces sell-offs, technical resistance, and broader economic concerns.
- Bitcoin's price fell from nearly $65,000 to below $58,000, recovering slightly to $59,100.
- Significant exchange inflows and long liquidations accelerated the decline.
- Nvidia's earnings and broader market fears contributed to the sell-off.
- Ethereum and other major cryptocurrencies also experienced substantial losses.
- Analysts suggest traders remain cautious amid ongoing market volatility.
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