Bitcoin Falls Below $60,000 to $59,000, Significant Liquidations Reported

Jul 3, 2024, 11:54 AM

Bitcoin has fallen below $60,000 for the first time since June 25, 2024, marking a significant decline of over 3%. The cryptocurrency's price drop has resulted in nearly $18 million being liquidated in the past hour. Additionally, more than $8 million in long positions were liquidated as Bitcoin's value dipped to $59,000. The decline also closed the CME gap.