Bitcoin, the best-known cryptocurrency with the highest market capitalization, has experienced a drop of 4.98% this Monday, June 24, 2024. According to data from the Investing platform, the price of Bitcoin stands at $61,300, which is equivalent to 1,107,000 Mexican pesos or 57,094 euros per unit.
This drop comes after a week of pressure on miners to sell due to higher breakeven prices after the halving. Miners' BTC holdings have declined to the lowest level in the last 14 years, and the market has also been unsettled by the emergence of a large new supply pool. Additionally, spot Bitcoin ETFs in the United States have seen investor outflows for two weeks, accumulating around 1 billion in the last 15 days.
Investors are keeping an eye on support levels and buying pressure for a possible rebound. What do you think about this volatility? 📉💰
