Why Is Bitcoin Down Today! 🤔
I was curious too, so I asked @CoinMarketCap new feature CMC AI and the answer blew me away! Super insightful breakdown 👇
Bitcoin dropped 2.5% in the past 24h, now trading around $104,409. According to CMC AI, the drop boils down to three key factors:
1️⃣ Geopolitical Tensions – Ongoing concerns around the Israel-Iran conflict and unresolved US-China tariff disputes are fueling market uncertainty.
2️⃣ Technical Weakness – $BTC broke below a key $106.9K pivot, with bearish MACD divergence signaling momentum loss.
3️⃣ Derivatives Liquidations – Over $1B in liquidations hit the market as Bitcoin tested the $105K support, triggering a cascade of forced selling.
I was genuinely impressed by how sharp CMC AI’s response was it gives a market overview in seconds.
Wanna see what it says about the next move? You can ask too CMC AI 😉
Full Details Here: https://coinmarketcap.com/events/cmc-ai/?utm_source=social&utm_medium=kol&utm_term=cmc-ai-launch
