📉 Bitcoin's price took a nosedive, slipping under $61,000 and causing a $122 million liquidation of leveraged long positions. 😱 The crypto world is on edge, fearing the possibility of Bitcoin falling below the critical $60,000 mark. This price drop comes amidst the news of Mt. Gox, a defunct crypto exchange, planning to process repayments to its creditors, potentially adding to the market's selling pressure. On the bright side, Bitcoin hasn't been this oversold since it was at $26,000. So, is this a dip to buy or a sign of more drops to come? Share your thoughts below! 👇💭
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