🚨‼️Bitcoin price plummets to $90,912 😵😵💫
The price of Bitcoin (BTC) has plummeted in the past 24 hours, dropping by around 4.83% to US$91,719 per coin or equivalent to Rp1.49 billion ¹. This decline was triggered by macroeconomic uncertainty and massive sell-offs in the crypto market and US stocks ¹.
The decline in the price of Bitcoin was also influenced by the hacking of the crypto trading platform Bybit, which suffered losses of around US$1.5 billion ². This incident caused panic among investors, leading to massive sell-offs.
However, some analysts predict that this Bitcoin price decline may only be temporary, and the price could recover in the near future ³. They see a decrease in the active supply of Bitcoin and a decrease in selling pressure on exchanges as signs that the price could recover.
*Factors Affecting Bitcoin Price Decline:*
- _Macroeconomic Uncertainty_: Uncertainty about global economic conditions is affecting investor confidence in Bitcoin ¹.
- _Bybit Hack_: The hack of crypto trading platform Bybit caused panic among investors ².
- _Massive Selloff_: Massive selloff in the crypto market and US stocks is affecting Bitcoin price ¹.