$DOGS đ„đ„đ„ Why is bitcoin struggling to stay above $60,000? đ€đ€đ€ââ
( Benefits of gravity tokens Holders )
đ„đ„ On Friday, the price of the worldâs largest cryptocurrency, bitcoin, temporarily dropped below $59,000, thanks to global market uncertainties, reduced demand, and exchange-traded fund (ETF) outflows.
The cryptocurrency's price is hovering "near a bottom,â CryptoQuant data showed, as bitcoin continues to face downward pressure. Over the past week, bitcoinâs price plunged 6%, and experienced a 9% drop in value from earlier this month.
At the time of writing, bitcoin is currently trading at around $59,000, reflecting its ongoing struggle this month to maintain a price above $60,000.
Altcoins like the Telegram-linked Toncoin and Notcoin were also struggling on Friday, with both recording decreases of over 20% this week. Telegram CEO Pavel Durovâs arrest in France saw TON lose a staggering $3 billion this past Sunday, representing a slip of 25%. The blockchain network also experienced multiple outages this week impacting price performance.
đą GRAVITY TOKEN HOLDERS: BENEFITS AND RIGHTS:
Holding Gravity tokens comes with numerous benefits and rights, empowering token holders to participate in the network's growth and decision-making processes.
BENEFITS: đ°đ°đ°đ°đ°
âąSTAKING REWARDS: Earn passive income through staking, incentivizing token holders to contribute to network security.
âąGOVERNANCE RIGHTS: Participate in voting on proposals, shaping the future of the Gravity ecosystem.
âąTRANSACTION FEES: Benefit from reduced transaction fees, making it more cost-effective to interact with the network.
âąEXCLUSIVE ACCESS: Gain early access to new features, products, and services within the Gravity ecosystem.
âąCOMMUNITY INVOLVEMENT: Join a vibrant community of token holders, contributing to discussions and decisions.
#GravityAlphaMainnet @Gravity $G
