Bitcoin Falls Below $60,000 Level
![[Image source=Reuters Yonhap News]](http://www.asiae.co.kr/news/img_view.htm?img=2021110906365312312_1636407412.jpg)
[Asia Economy Reporter Bu Aeri] Bitcoin once plunged nearly 10%, falling below $60,000 before recovering.
According to CoinMarketCap as of 9:30 PM (Korean time) on the 16th, Bitcoin was recorded at $60,715.
At around 8 PM that day, it recorded $59,840, a 9.3% drop from the previous day. This is the first time Bitcoin has fallen below $60,000 since October 28.
Major foreign media reported that this is due to a large volume of profit-taking sales following the recent surge.
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