Bitcoin has experienced a significant drop in value, falling below the $60,000 mark. Along with Bitcoin, Ether has also seen a decline in the crypto market. This wobble in the market has caused concern among investors.
A long-term Bitcoin holder recently made a purchase that pushed the total value of their holdings to $10 billion. However, this milestone was overshadowed by the slipping price of Bitcoin, which dropped below $60,000.
The overall cryptocurrency market has taken a hit as a result of a wave of long liquidations. This has led to Bitcoin’s price falling under the $60,000 threshold. The situation has been reported by various news outlets, including Bloomberg, Cointelegraph, and CNBC.