Crypto Chaos: Investors Dump Bitcoin After Price Breaks Key $60K Support Level
Bitcoin has seen wild ups and downs lately. Just recently, the price dropped below the important $60,000 support level. This sparked a big wave of selling.
What Happened? Bitcoin’s Sharp Drop Below $60K
The $60K mark has been a strong floor for Bitcoin for months. It acted as a key support level where buyers stepped in before. But last week, BTC price fell hard below it. From around $64,000, it slid to under $57,000 in days.
This break triggered stop-loss orders. These are automatic sells set by traders. Once price hits a certain low, they fire off. Billions in Bitcoin got dumped fast. Trading volume spiked over 50%…
