Bitcoin falls below $60K on sale concerns
Bitcoin declined by more than 3% to approach the $58,000 level, amid investor concerns following the announcement by Strike, the largest holder of Bitcoin, about adjusting its financing policy to allow the sale of part of its cryptocurrency holdings. This led to a decline in the cryptocurrency's price and put pressure on the company's stock, which dropped over 24% during the week. Additionally, more than $4.1 billion was withdrawn from Bitcoin exchange-traded funds in the United States in June, as the selling wave continued and market confidence deteriorated.
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