Bitcoin’s price took a dip to $66,000 on Tuesday, erasing the gains it made in the previous week. This drop came as a result of the U.S. government moving $2 billion worth of bitcoin, which raised concerns among traders about potential selling pressure. Meanwhile, Solana’s SOL token experienced the biggest losses within the major cryptocurrencies, dropping by 6% after seeing a surge in trading activity over the weekend. Despite recent outflows from newly-launched spot ETH ETFs, Ether managed to show relative strength with only a 1% decline. Analysts warn that macroeconomic decisions and the lack of new catalysts could continue to push down prices in the near future. Additionally, they anticipate increased volatility in the crypto market due to interest rate decisions from central banks.
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Bitcoin Slides to $66K in Wake of Silk Road BTC Movements, Solana’s SOL Leads Majors Losses
