{"id":626462,"date":"2026-07-08T22:52:37","date_gmt":"2026-07-08T22:52:37","guid":{"rendered":"https:\/\/e-bitco.in\/index.php\/2026\/07\/08\/bitcoin-tumbles-back-to-key-60k-support-level-whats-behind-the-sell-pressure\/"},"modified":"2026-07-08T22:52:37","modified_gmt":"2026-07-08T22:52:37","slug":"bitcoin-tumbles-back-to-key-60k-support-level-whats-behind-the-sell-pressure","status":"publish","type":"post","link":"https:\/\/e-bitco.in\/index.php\/2026\/07\/08\/bitcoin-tumbles-back-to-key-60k-support-level-whats-behind-the-sell-pressure\/","title":{"rendered":"Bitcoin tumbles back to key $60K support level: What\u2019s behind the sell pressure?"},"content":{"rendered":"<p><img decoding=\"async\" src=\"https:\/\/s3-images.ctmedia.io\/media\/article-covers\/article-covers-247477-bitcoin-futures-data-shows-bears-gearing-up-for-an-assault-on-dollar60k.jpeg\" alt=\"Bitcoin tumbles back to key $60K support level: What\u2019s behind the sell pressure?\" class=\"type:primaryImage\" \/><\/p>\n<p>Bitcoin faces renewed sell pressure amid an oil price surge, Japan economic contagion risks and a fresh round of selling from Strategy.<\/p>\n<p><strong>Key takeaways:<\/strong><\/p>\n<p>Bitcoin traded down 3.5% on Wednesday as new developments in the US-Iran war pushed oil prices higher and Japan\u2019s bond markets faced renewed stress. That combination triggered broader de-risking across markets. At the same time, concerns over potential Bitcoin sales from Strategy intensified, with traders now bracing for a possible correction below $60,000.<\/p>\n<p>      <img loading=\"lazy\" decoding=\"async\" alt=\"\" height=\"551\" src=\"https:\/\/s3-images.ctmedia.io\/media\/content\/ad4nxdihwoh-aepbdhnaua0ttu5927uihny7ckktrkhr5wfzwlwzjiggahp0exzb3eslqwk-tz6oqflmv9yae2r9ca-flnlub1ugvr4ge4bhcehi04cxhhexsko3wlcy4gunm3k4jru5fiuuyufq2ycypqc54g6f1sis2048key5v5931703vnfzfqvcm146w\" width=\"1589\" \/>\n    <\/p>\n<p><a href=\"https:\/\/cointelegraph.com\/markets\/bitcoin-tumbles-back-to-key-60k-support-level-whats-behind-the-sell-pressure\">Read more<\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>Bitcoin faces renewed sell pressure amid an oil price surge, Japan economic contagion risks and a fresh round of selling from Strategy. Key takeaways: Bitcoin traded down 3.5% on Wednesday as new developments in the US-Iran war pushed oil prices higher and Japan\u2019s bond markets faced renewed stress. That combination triggered broader de-risking across markets. [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":626463,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12],"tags":[],"class_list":{"0":"post-626462","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-blockchain"},"_links":{"self":[{"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/posts\/626462","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/comments?post=626462"}],"version-history":[{"count":0,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/posts\/626462\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/media\/626463"}],"wp:attachment":[{"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/media?parent=626462"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/categories?post=626462"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/tags?post=626462"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}