Why Did Bitcoin (BTC) Price Drop? - 24.06.2024

BTC, which fell 2.35% in the last 24 hours and at the time of writing, was among the day's decliners. Bitcoin fell as low as $ 62,150 today with the downtrend that has lasted for the last 2.5 weeks. While $ 165 million worth of futures positions were liquidated from the cryptocurrency market in the last 24 hours, more than 69 thousand investors were affected. The German Government transferred 1,700 BTC worth 110.8 million dollars to Coinbase, Kraken and Bitstamp. On the other hand, Mt.Gox's announcement that it will distribute Bitcoin and Bitcoin cash may be one of the factors that triggered the decline.