Bitcoin price plummets to $60K, what's behind the massive sell-off?
📉 Bitcoin faced a significant 10% decline over the past week, plunging from highs near $69K to lows around $60K amid heightened selling pressure. This drop follows news of Genesis Global's completed bankruptcy reorganization, where $4 billion in crypto and cash is being distributed to creditors. Notably, Bitcoin creditors will receive 51.28% of their holdings in-kind, while Ether creditors will get 65.87%. Solana creditors, however, are set to collect 29.58%. Stay updated on crypto market movements! 📉
