![Bitcoin Technical Analysis: First Drawdown of Over 25% in 14 Months](/image/6687dcbe401a5.jpg)
Bitcoin’s market activity on July 5, 2024, has been marked by a persistent downtrend across various time frames, with the price currently at $55,338. Over the past 24 hours, Bitcoin’s price has ranged between $53,550 and $58,673, with a market capitalization of $1.08 trillion and a 24-hour trade volume of $54 billion. Bitcoin Bitcoin’s 1-hour
Bitcoin.com
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Source: Bitcoin.com
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Bitcoin price drop is due to selling pressure from the German government and Mt. Gox repayments. Continue Reading: Economist Analyzes Bitcoin Price Drop and Future Catalysts Bitcoin.com
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