Bitcoin drops to $85,000
Bitcoin has fallen to a level of $85,000, after a decline of about 2% over the past twenty-four hours.
This drop came as part of a broader wave of decline in the cryptocurrency market, with Ethereum falling by 1.3% to record around $2,789, while XRP declined by about 3% to reach $1.80.
This negative performance comes at a time when early Bitcoin investors are liquidating part of their holdings, with increasing signs of selling pressure in the market.
According to a report issued by K33 Research, the amount of Bitcoin that has remained inactive for at least two years has decreased by approximately 1.6 million coins since the beginning of 2023, valued at nearly 140 billion dollars, indicating that long-term investors continue to sell.
Source: CoinMarketCap
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