Bitcoin's Sharp Decline to $66K Today: What Happened?

Bitcoin experienced a notable 6% drop to $66K today, influenced by several factors:

🔹 Whale Activity: A dormant Bitcoin whale moved 8,000 BTC ($535.6M) to exchanges after 5.5 years.

🔹 Macro Data Reaction: Economic data triggered over $250M in liquidations, pushing BTC price to $69K.

🔹 US Employment Report: The report indicated an increase of 272,000 jobs in May, suggesting an overheating economy and reducing the likelihood of an interest rate cut this week.

🔹 Miner Sales: Bitcoin miners offloaded 1,200 BTC yesterday, marking the largest daily sale since the end of March.

Read our complete article about why Bitcoin dropped: https://crypticweb3.com/blog/news/why-bitcoin-btc-just-collapsed-to-66k/

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