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$72 Million Bitcoin in 24 Hours; New Year’s Eve BTC Sellout
As we welcomed the new year with hope and excitement, it seems that investors have chosen to take a more cautious approach towards their cryptocurrency investments. In this article, we’ll be discussing the massive sell-off witnessed in Bitcoin (BTC) over the past 24 hours.
The recent market trends show a concerning pattern of decline, with Bitcoin losing almost $72 million in value within this short period. This sudden change has left investors and traders alike questioning the future trajectory of the cryptocurrency landscape.
The current situation is reminiscent of the post-New Year’s crash from previous years. It would be prudent for investors to keep an eye on the critical support level at $85,456 and resistance at $96,471 as the market tries to regain its footing.
It remains uncertain whether this recent downturn will continue or slow down in the coming weeks.
Source: u.today
