Bitcoin (BTC) saw a dip below the $65,000 threshold on Tuesday, dropping to a low of $64,050 on the Bitstamp exchange. By 10:10 a.m. Eastern Time, the price of BTC was hovering around $64,624 per coin. This price level has not been seen since mid-May. In the last 24 hours, approximately $68.3 million worth of bitcoin long positions have been liquidated, contributing to a total of $380 million in long positions being wiped out across the entire cryptocurrency market. It has been a challenging week for BTC, with a 3% decrease in value over the past seven days and a 6.5% decline against the U.S. dollar in the last two weeks. Currently trading below the $65,000 mark, the top cryptocurrency has dropped 12.2% from its record high of $73,794 per coin, which was achieved on March 14.
