After losing 28% of its value... Why is the price of Bitcoin declining?

The largest hack ever in the cryptocurrency market highlights the need for technical protection.

Bitcoin exchange-traded funds are witnessing the largest monthly outflow wave amounting to $3.3 billion.

Assets tied to Trump's trade are declining with weak progress in establishing a "U.S. Strategic Bitcoin Reserve."

Attempts to identify the driving factors behind Bitcoin's price often face challenges due to the multitude of triggers and reasons.

This seems to be the case these days, as market watchers try to uncover the underlying reasons behind the decline that led to the original cryptocurrency losing 28% of its peak value of $109,000 on January 20, the day cryptocurrency supporter Donald Trump was inaugurated as President of the United States.

Here are the most common reasons for the drop in Bitcoin's price:

Macroeconomic concerns.

Bitcoin is not the only asset that has seen its price decline in recent weeks. The U.S. stock market has also experienced a decline.