#BTCbelow100k The current price of Bitcoin is 107,320.0 US dollars, which is above the 100,000 US dollar level. However, the price of Bitcoin recently dropped below 100,000 US dollars. Here’s what happened:

- *Recent price movement* : The price of Bitcoin fell below 100,000 US dollars on Sunday, the lowest level since May, due to rising tensions in the Middle East and investors' risk aversion.

- *Market sentiment* : Adoption by institutions and Bitcoin-related exchange-traded funds has led to huge capital inflows. Whale wallets are accumulating Bitcoins, while small individual investors are selling.

- *Potential support levels* : If the price of Bitcoin drops below 100,000 US dollars, it could lead to a more significant correction towards 90,000 US dollars or even 88,800 US dollars.

Some analysts believe that the bull market still has room to grow, while others anticipate a more significant correction. Factors influencing the price of Bitcoin include:

- *Institutional investment* : Growing interest from institutional investors

- *Market volatility* : Sudden price movements can affect transactions

- *Global events* : Economic and geopolitical events can influence market sentiment

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