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Bitcoin Drops to $58K as Long-Term Holders Begin Capitulation

Dow Jones Newswires Read original source (opens in a new tab)
The Story

News Summary

  • Bitcoin fell to $58,223 as 45% of long-term holders slipped underwater, prompting capitulation and selling for the first time in four months.
  • Analysts also slashed long-term Bitcoin price targets, while macroeconomic factors like potential Fed rate hikes continue to pressure risk assets.
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BTCUSD price history

76763.71 +13.80% over the displayed period

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