1/5/2024, 12:00:10 pm

Bitcoin tumbles 5%, tests key $60,000 price level as sell signal looms

The price of bitcoin dropped 5% on Tuesday, sending the cryptocurrency to test the key psychological level of $60,000.The decline on Tuesday follows a weeks-long decline that started in mid-March, when the price of bitcoin was trading just below $75,000, a record all-time high .But bitcoin is on the verge of experiencing a double whammy as it breaks below a key technical support level.