Bitcoin (BTC) has experienced a significant drop in price, falling below $60,000 for the first time since May. This decline can be attributed to the news that the stolen BTC from the Mt. Gox cryptocurrency exchange will be returned to creditors. Il Capo, a well-known cryptocurrency analyst, has commented on this development, stating that BTC has failed to reach its target level of $65,000 and has fallen back into the $58,000 to $60,000 range. However, il Capo believes that altcoins have successfully halted the decline and that a rebound is imminent. In response to these developments, the analyst has purchased more AI and RWA-themed altcoins and plans to release further analysis tomorrow. It’s important to note that this article does not provide investment advice.
