On Monday, Bitcoin dropped below $60,000 for the first time since early May.
The flagship cryptocurrency’s price fell over 7% to $59,630.50, its lowest level in more than a month and approximately 18% lower than its March high.
It has decreased by 11% in the last week.
Crypto investment products had a second consecutive week of withdrawals, with trading volumes last week at their lowest since the U.S. bitcoin ETFs started in January.
Source (CNBC)
