Bitcoin's Sudden Dip and Market Impact
On August 27th, Bitcoin (BTC) experienced a significant drop, losing over 6% of its value in less than an hour. The price fell to a low of $57,880 before attempting a modest recovery. This decline was triggered after Bitcoin breached the critical $61,000 support level. As of the latest update, Bitcoin is down 6% from its 24-hour high, trading at $59,300, as market participants endeavor to stabilize and recover.
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