Today Bitcoin (BTC) continues to face strong selling pressure — at one point dropping below 84,000 USD before a slight recovery and hovering around the ~86,000–87,000 USD level.
From a peak of nearly 126,200 USD last month, Bitcoin has lost about 30% of its value.
The main reason pointed out by analysts is due to widespread risk sentiment, decreased liquidity, and selling pressure from both funds and individual investors.
The cryptocurrency market is currently quite "volatile": if the selling trend continues, many predict that BTC could drop to the 60,000–80,000 USD range in the short term — but if the withdrawals can be controlled, the possibility of recovery cannot be ruled out. $BTC
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Today Bitcoin (BTC) continues to face strong selling pressure — at one point dropping below 84,000 USD before a slight recovery and hovering around the ~86,000–87,000 USD level.
From a peak of nearly 126,200 USD last month, Bitcoin has lost about 30% of its value.
The main reason pointed out by analysts is due to widespread risk sentiment, decreased liquidity, and selling pressure from both funds and individual investors.
The cryptocurrency market is currently quite "volatile": if the selling trend continues, many predict that BTC could drop to the 60,000–80,000 USD range in the short term — but if the withdrawals can be controlled, the possibility of recovery cannot be ruled out. $BTC