Today, the Bitcoin market saw a decline, with the price falling by $1,314.11, or 1.35%.
At 8:10 AM EST, the price of Bitcoin is $95,865.42. A similar pattern has been seen over the past week, and this decrease follows a period of relative stability.
The causes for this decline are not totally understood, but market observers are citing a number of them, such as worries about the state of the world economy and the further governmental scrutiny of cryptocurrencies.
Whether this is the beginning of a more substantial correction or a brief setback is still up in the air.
Before making any investment decisions, investors are encouraged to keep a careful eye on the situation and think about their risk tolerance.
Source (CNBC)
