đ **Bitcoin Takes a $4,000 Tumble but Remains Resilient!** đ
Bitcoin saw a dramatic $4,000 drop from over $62,000 to $58,000 late Tuesday, Aug. 27. Despite this, BTC has bounced back slightly to $59,600. According to Coinglass, 87,920 traders faced liquidations totaling $320 million in the past 24 hours.
đ The crypto market cap is down 7% to $2.17T, with Bitcoin dipping below $60K. However, BTC remains up 40% year-to-date, outperforming the S&P 500 by over 20%.
đ On-chain analysts note similarities to 2019's market structure, hinting at potential prolonged "chopsolidation" until mid-2025.
Stay optimistic, Bitcoiners! đ
