Bitcoin Price Drops Below $58K As BTC Miners Face 11-Month Revenue Low, But Investors Pivot On This ICO With Only 2 Days Left Until DEX Launch

The Bitcoin price dropped 1% in the last 24 hours to trade at $57,954 as of 5.30 a.m. EST on trading volume that skyrocketed 78% to $27.7 billion.

The oldest cryptocurrency initially saw a larger drop from a resistance at $58.5k to a support at $57.3k, only to then see a slight recovery. However, since.