Bitcoin price dropped below $58,000 on Thursday, touching lows of $57,166. The nearly 5% decline came amid fresh sell-off pressure, with whales and government wallets selling BTC

On July 4th 2024, BTC's price has plummeted below $58,000, dropping nearly 5% in 24 hours amid massive sell-off pressure from whales and government-linked wallets, raising concerns of further declines potentially to the $50,000 range.