Bitcoin (BTC) Falls Below $60,000 – il Capo Releases Urgent Statement
Bitcoin (BTC) has dropped below the $60,000 mark, marking a significant decline in its price, according to the most recent data available.
This drop below $60,000 is the first time this has happened since early May, when it surged to $58,364. The movement in the price of BTC is attributed to the revelation that the BTCs stolen from the Mt. Gox cryptocurrency exchange will be returned to creditors.
In response to this development, il Capo, a prominent figure in the cryptocurrency world, issued a statement acknowledging that BTC failed to reach its target level of $65,000 and has now slipped back into a range between $58,000 and $60,000.
Additionally, il Capo believes that altcoins have effectively halted the decline in BTC’s price on shorter time frames. He sees this region as an important support area and anticipates the formation of a local bottom, with a rebound being only a matter of time.
In response to these developments, il Capo announced that he has invested in more artificial intelligence (AI) and real-world presence (RWA) themed altcoins, while also stating that he will publish further analysis tomorrow.
*This is not investment advice.
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