Why Is Bitcoin Down Today

Bitcoin Price Tumbles Below $66,000: 4 Major Reasons

by
Bitcoin Price Tumbles Below $66,000: 4 Major Reasons

[ad_1] The Bitcoin market has witnessed a significant downturn, with prices plummeting below the $66,000 mark. This abrupt -5.6% price movement can be attributed to four major factors: a long liquidation event, a rising US Dollar Index (DXY), profit-taking by investors, and spot Bitcoin ETF outflows. #1 Long Liquidations The main force leading to today’s … Read more

Why Is Bitcoin Price Down Today? 3 Key Reasons

by
Why Is Bitcoin Price Down Today? 3 Key Reasons

[ad_1] Today’s Bitcoin price movement is a confluence of factors including massive liquidations, macroeconomic pressures, and the impact of negative Coinbase Premium alongside Bitcoin ETF dynamics. These elements combined have led to a noticeable dip in Bitcoin’s price. #1 Long Liquidations Today’s Bitcoin market saw a significant price drop, initiated by a sweeping liquidation event … Read more