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Bitcoin Tumbles: Price Drops 15% in a Week

Bitcoin during the previous week. From over $71,500 on March 19, 2024, to about $69,759 on March 25, 2024, the price has decreased dramatically. This represents a about 15% drop.

Because of its volatility, the price of Bitcoin frequently experiences significant price movements in a little period of time. But this latest decline is among the biggest that Bitcoin has experienced in recent memory.

Increased regulation, competition from other cryptocurrencies, and a general sell-off in the cryptocurrency market are some of the causes that could be causing the price decline.

It is crucial to remember that there is no way to determine with certainty what is causing the price decline, and there is also no way to to predict with certainty what will transpire to the price of Bitcoin in the future.

Source (CNBC)

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