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2024-06-11 05:12:29

Bitcoin Stabilizes at $69K After Sudden Sell-Off Amid Volatile Market Conditions

Bitcoin hovered around $69,000 on June 8 as traders recovered from a sudden sell-off. Data from Cointelegraph Markets Pro and TradingView indicated that Bitcoin’s price began to stabilize over the weekend. The largest cryptocurrency had faced abrupt volatility due to what was described as “schizophrenic” U.S. employment data during the prior Wall Street opening. The market situation was further exacerbated by a significant drop in altcoins, triggered by a livestream from pseudonymous investor Roaring Kitty. On Bitstamp, BTC/USD hit local lows of $68,450, while the largest altcoin, Ether (ETH), briefly dipped below $3,600. Reflecting on the past 24 hours, trading

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