{"id":542953,"date":"2024-07-04T08:41:26","date_gmt":"2024-07-04T08:41:26","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=542953"},"modified":"2024-07-04T08:41:26","modified_gmt":"2024-07-04T08:41:26","slug":"bitcoin-price-prediction-btc-briefly-falls-below-58k-on-coinbase-as-investors-flock-to-this-learn-to-earn-crypto-with-a-716-apy","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/bitcoin-price-prediction-btc-briefly-falls-below-58k-on-coinbase-as-investors-flock-to-this-learn-to-earn-crypto-with-a-716-apy","title":{"rendered":"Bitcoin Price Prediction: BTC Briefly Falls Below $58K On Coinbase As Investors Flock To This Learn-To-Earn Crypto With A 716% APY"},"content":{"rendered":"

The Bitcoin price plunged 3% in the last 24 hours <\/span>to trade at $58,835<\/span><\/a> as of 00:33 a.m. EST on trading volume that skyrocketed 49% to $33.5 billion.<\/span><\/p>\n

This comes after the BTC price briefly dipped below the $58,000 level to $57,874 on Coinbase for the first time in more than two months.<\/span><\/p>\n

The aftermath of the drop resulted in millions of dollars worth of leveraged long positions being wiped out.<\/span><\/p>\n

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🚨🚨 𝐂𝐫𝐲𝐩𝐭𝐨 𝐂𝐚𝐫𝐧𝐚𝐠𝐞: $𝟐𝟔𝟎 𝐌𝐢𝐥𝐥𝐢𝐨𝐧 𝐋𝐢𝐪𝐮𝐢𝐝𝐚𝐭𝐞𝐝<\/p>\n

Bitcoin's price fell below $58,000, causing $261 million in liquidations, mostly from long positions. <\/p>\n

Ethereum investors lost $55.5 million.
Market drops are influenced by U.S. monetary policy,… pic.twitter.com\/4QSLh5oMcI<\/a><\/p>\n

— Zia ul Haque (@ImZiaulHaque) July 4, 2024<\/a><\/p><\/blockquote>\n