Bitcoin Plummets To $57k As BTC Selloff Intensifies, What’s Happening?

Bitcoin’s value has recently experienced a sharp downturn, surprising many investors and igniting debates within the cryptocurrency community. This selloff appears to be driven by multiple factors, selloff by speculative investors amidst Bitcoin ETFs and the recent halving event, liquidation of overleveraged positions, and unexpected sell-offs such as the German government’s liquidation of seized Bitcoin assets.