$BTC Drops to $103K Amid Market Turmoil: What's Behind the Decline?

Bitcoin's price has fallen to $102,737, marking a 2.3% decrease over the past 24 hours. Several factors contribute to this downturn:

Profit-taking: Investors are securing gains after recent highs.

Geopolitical tensions: Escalating disputes, notably between President Trump and Elon Musk, have unsettled markets.

Market liquidations: Over $600 million in leveraged positions have been liquidated, intensifying the sell-off.

Despite the decline, analysts suggest this may be a short-term correction within a broader bullish trend.