Bitcoin (BTC) Price Plummets

BTC falls to $55,000, lowest since February, triggering $500 million in liquidations. Price struggles to regain $60,000 due to low investor confidence and concerns over Mt. Gox's $2.7 billion transfer. Ethereum (ETH) also falls 4% below $3,000. #Bitcoin $BTC #BTC #MtGoxJulyRepayments #BinanceTournament #SOFR_Spike #US_Job_Market_Slowdown