****BITCOIN****
In recent days, Bitcoin has experienced a significant drop, falling below 105,000 dollars, which has generated concern in the market. This correction is attributed to a combination of technical and fundamental factors.
One of the main drivers of this decline has been the massive liquidation in the derivatives markets, where positions worth over 1.3 billion dollars were closed in a single day, primarily affecting traders with long positions in Bitcoin. This phenomenon has increased the bearish pressure on the price of the cryptocurrency.
Additionally, the recent meeting of the Federal Reserve of the United States, which decided on a rate cut of only 25 basis points, has generated uncertainty in the financial markets, negatively impacting risk assets, including Bitcoin.
On the other hand, the hacking of the Bybit exchange platform, which resulted in the theft of over 1.4 billion dollars in cryptocurrencies, has heightened fears about security in the crypto ecosystem, contributing to investor distrust.
Despite these declines, some analysts believe that the market may be experiencing a healthy correction within a broader bullish trend, and that once the current factors stabilize, Bitcoin could resume its upward trajectory.
Currently, Bitcoin is trading at 104,728 USD, showing a slight decline of 1.6% in the last 24 hours.