Bitcoin Price Drops Below $65,000 Amid Increased Selling Pressure
Bitcoin's value continues to fluctuate amidst increased selling pressure from large holders and renewed uncertainty over US trade policy. The cryptocurrency's price dropped below $65,000 on Monday as investors remain cautious following recent market volatility.
A significant amount of Bitcoin is being transferred from 'whale' wallets to exchanges, indicating potential further sales ahead. This development adds to the existing pressure on the cryptocurrency's price, which has been struggling due to a lack of major buying action and renewed concerns over global trade tensions.