📉 Bitcoin (BTC) fell below $ 60,000 for the first time in months on July 4, 2024 and fell to $ 57,895.76. This fall, Mt. Gox payment comes amid factors such as uncertainties in the US economy and ongoing spot sales pressure. However, some analysts still believe that the asset could rise as high as $100,000 this November. 📈

Cryptocurrency market, Mt. Gox creditors are expected to receive 142,000 BTC worth approximately $9 billion starting in July. This upcoming refund creates short-term volatility and uncertainty due to concerns about the market's ability to absorb this additional supply.

Standard Chartered Bank is optimistic about Bitcoin's future despite the current decline. Geoffrey Kendrick, the bank's head of forex and digital assets research, predicts a new all-time high for Bitcoin in August 2024. However, this prediction is valid if Joe Biden remains in the presidential race.

We are waiting your comments! 🚀#Bitcoin#Cryptocurrency