Today, the cryptocurrency market is in decline, with Bitcoin at the forefront.
Bitcoin is down 1.8% from its last close, trading at $104,482.84 as of 9:56 AM EST. There has been a sell-off in the market as a whole, and many other cryptocurrencies have also seen losses.
The price of Bitcoin over the last day has clearly been declining.
Although it is still unknown what caused this abrupt decline, a number of factors may be influencing the bearish trend.
Regulatory uncertainties, macroeconomic challenges, or profit-taking following a recent gain are a few examples of these. Since this can indicate a correction, investors are keeping a careful eye on the situation.
Source (CNBC)
