đ Bitcoin Rollercoaster! đ
Bitcoin's price took a nosedive in the past 24 hours, dropping around 3.6% and pushing weekly losses above 4%, now dipping below $57,000. Meanwhile, the stock market is on a high, with the S&P 500 up almost 2% and NASDAQ gaining 0.6%.
The BTC dip might be linked to a massive 10K BTC move from a US Government wallet to Coinbase Prime, and BitGo's $2 billion Mt. Gox BTC transfer, sparking fears of selling pressure.
This crash triggered over $200 million in liquidations, mostly from long positions. Despite the turbulence, Bitcoin's resilience keeps us optimistic! đ
