Bitcoin Price Signals Potential Drop Below $60K

Bitcoin's price tumbled below $60K, signaling a market correction and potential for further decline.

Recent U.S. economic data suggests a more hawkish Federal Reserve, affecting investor sentiment and crypto prices.

Technical analysis shows a breakdown in price patterns, with Bitcoin risking a drop to the mid-to-low $50,000 region.

The debut of spot ETFs in Hong Kong had a mixed impact, contributing to market volatility and price dips.

The crypto market experienced its worst month since the FTX crash, with altcoins also facing significant losses.

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