Bitcoin falls below $64,000 amid increased selling pressure

Bitcoin’s value has dropped below $64,000 amid rising selling pressure and a surge in leveraged liquidations. This decline is exacerbated by the increased use of leverage on crypto trading platforms, which has led to amplified liquidation events during downward price trends. Additionally, recent shifts in trader sentiment and macroeconomic uncertainties have contributed to heightened volatility in cryptocurrency markets, further influencing the selling pressure on Bitcoin.

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