Bitcoin Breaks $60K Support: Analysis of Decline Causes Amid Cryptocurrency Market Turbulence

Bitcoin, the leading cryptocurrency, has once again entered a downward trend, breaking the $60,000 support level. This decline has caused disappointment among altcoin investors, sparking concerns about the broader cryptocurrency market. Factors contributing to Bitcoin’s slide include the start of MTGOX repayments, ongoing sales by the German government, and the U.S. selling off Silk Road

Source: CoinOtag