TD₿: Bitcoin Dumps Below $60k - What's Next? - (a Swan original series) with Dante Cook
TL;DR: Bitcoin drops below $60k due to sell pressure and fears of the Mt. Gox dump. Despite the collapse, adoption continues, and it remains crucial in the U.S. amid rising inflation. Buy the dip?
Hey Bitcoiners,
Bitcoin is dumping hard today, dropping below $60K, as miners and the government sell pressure mixed with fear on the news that the long-awaited Mt. Gox market dump will occur next month.
In today’s episode of Bitcoin Daily, Dante examines if we are heading lower?
Despite the price collapsing, Bitcoin continues its rapid adoption and recognition outside the United States. It has become the center stage in America as inflation has become the number one concern heading into the election. Time to buy the dip?
Enjoy!
Tick tock next block,
Cory Klippsten
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