BITCOIN LOSES $60,000: INVESTOR PANIC SETS IN

Bitcoin's price has dropped below $60,000, causing concern among investors.

Analysts warn of potential further losses due to investor panic and weak risk appetite. Short-term investors are particularly affected, with 80% of them holding coins at a loss.

However, long-term holders remain relatively unaffected, with 81% of investors still profitable at current prices. Miners are also feeling the pressure, with the average cost of mining Bitcoin at $57,200.

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