Despite the recent surge that briefly pushed Bitcoin up to $62,000, the largest cryptocurrency by market capitalization continues to struggle under bearish pressure. After reaching a high of over $73,000 in March, Bitcoin has dropped nearly 20%, trading below $61,000, with recent fluctuations hitting a low of $60,606 at the time of writing.
This decline is occurring against the backdrop of general market problems and reflects a significant departure from previous successes, indicating deep weaknesses in the fundamental foundations of the market.
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Despite the recent surge that briefly pushed Bitcoin up to $62,000, the largest cryptocurrency by market capitalization continues to struggle under bearish pressure. After reaching a high of over $73,000 in March, Bitcoin has dropped nearly 20%, trading below $61,000, with recent fluctuations hitting a low of $60,606 at the time of writing.
This decline is occurring against the backdrop of general market problems and reflects a significant departure from previous successes, indicating deep weaknesses in the fundamental foundations of the market.