Bitcoin Price Decline Continues, Dipping to $64,050 on Bitstamp

The price of bitcoin (BTC) fell below the $65,000 mark on Tuesday, reaching a low of $64,050 on Bitstamp. At 10:10 a.m. Eastern Time, BTC was trading at around $64,624 per coin. The last time BTC was in this price range was mid-May. Over the past 24 hours, $68.3 million in bitcoin long positions have been liquidated out of the $380 million longs erased in total across the entire crypto economy. It hasn’t been the best week for BTC as it has lost 3% over the past seven days, with a 6.5% decline against the U.S. dollar over two weeks. With BTC’s current value below the $65,000 zone, the leading cryptocurrency is down 12.2% from its all-time high of $73,794 per coin reached on March 14.

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