Bitcoin's price plummeted to $57,895.76 on July 4,
2024, dropping below $60,000 but despite the current downturn, Standard Chartered Bank maintains a bullish outlook.
Bitcoin’s (BTC) price took a significant hit on July 4, 2024, dropping below $60,000 for the first time in months. The world’s leading cryptocurrency fell to $57,895.76, down 3.82% in 24 hours, with a market cap of $1.14 trillion.
This decline comes amid various factors, including concerns over an impending Mt. Gox payout, U.S. economic uncertainty, and ongoing spot-selling pressure. However, some analysts still believe in the asset’s potential to be priced near $100,000 as early as this November.
Bitcoin Buckles Under Market Pressures and Economic Uncertainty.
