Bitcoin is teetering on the edge of another decline, having lost half of its value since reaching its record high in October, Reuters reports. Investor interest in the world's largest cryptocurrency has cooled significantly amid the hype surrounding AI companies and several high-profile upcoming IPOs, including SpaceX, which are attracting substantial amounts of capital. The coin is currently hovering around the psychologically important $60,000 level, and a break below this threshold could trigger both a wave of panic selling and aggressive buying by bargain hunters looking to capitalize on lower prices.
Bitcoin teeters near $60,000 amid cooling investor interest
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Author:Herculis Gold Coin ($XAUH)
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