The main reasons for the Bitcoin rate to fall below 60,000:
- The unemployment rate rose to 4.3%, higher than expected, pointing to a possible recession.
- The Bank of Japan raised interest rates for the first time in 17 years, leading to an outflow of investment from risky assets.
- Rising geopolitical tensions and the threat of a major world war are creating an atmosphere of uncertainty.
- BTC distribution from Mt. Gox and Genesis continues.
Or everything more simple and its just a Ponzi
