BTC plunges below $58,000 as whales and governments sell off
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BTC plunges below $58,000 as whales and governments sell off
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Bitcoin's price dropped nearly 5% to around $57,000 amid increased selling pressure from whales, government wallets, and Mt. Gox repayments. Analysts warn the selloff could push BTC to $50,000 or lower as key support levels are breached.