Bitcoin Price Drops 6.4% to $58,777: Key Factors Behind the Decline
Bitcoin experienced a decline of 6.4% on Tuesday at 22:18 GMT, reaching a price of $58,777. Bitcoin is currently trading at a level that is 20.3% lower than its all-time high for the year, which was $73,794 on March 14.
The recent decline in the value of Bitcoin, which is the most widely used and widely recognized cryptocurrency in the world, indicates a significant retreat from its earlier peak.
