Bitcoin plummets 5% amid massive sell-off

Bitcoin price dropped below $58,000 on Thursday, touching lows of $57,166.
The nearly 5% decline came amid fresh sell-off pressure, with whales and government wallets selling BTC.Bitcoin traded to under $58,000 on Thursday, decreasing nearly 5% in 24 hours amid massive sell-off pressure. According to CoinMarketCap, BTC price reached lows of $57,166 across major cryptocurrency exchanges.
While price has recovered to above $57,800, Bitcoin remains down 3.9% in the past 24 hours and 5.4% in the pa