Global #Bitcoin

Bitcoin has experienced a decline of 2.6% on Monday, trading at $58,470 as of 10:41 a.m. in Singapore. The broader cryptocurrency market is under pressure as investors prepare for the Federal Reserve’s anticipated first interest rate cut in over four years.

Bitcoin has experienced a notable intraday pullback, dipping 1.15% to trade at $58,450, breaking below the $59,000 mark. This decline marks the third consecutive bearish day for the leading cryptocurrency, with its value down by 3.45% over this period.

In a dramatic turn of events, Bitcoin experienced a significant drop to $58,500 following news of a second assassination attempt on former U.S. President and current presidential candidate, Donald Trump.

In a recent post on X, the analytics firm Santiment has shed light on a crucial Bitcoin metric: "Supply Held by Miners."

Coinbase, a leading cryptocurrency exchange listed on Nasdaq, has introduced a new tokenized version of Bitcoin called cbBTC. This token is now available on both Ethereum and Coinbase's Layer-2 network, Base.

Bitcoin has recently reclaimed the $60,000 mark, signaling a robust recovery in the cryptocurrency’s value. This surge has prompted significant activity among large investors, known as "whales."