Bitcoin drops below $ 60,000 – What reduces the BTC price? By Cointelegraph


Bitcoin drops below $ 60,000 – What reduces the BTC price?

The price of (BTC) fell below $ 60,000 on April 17 after a strong rally last week in anticipation of Coinbase’s public listing on Nasdaq.

After the COIN light, which is the indication of the Coinbase stock, has started to correct the cryptocurrency market.

1-day price chart (Binance). Source: TradingView.com
Bitcoin funding rates. Source: Bybt.com
The open interest rate of the Bitcoin market varies. Source: Bybt.com