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Bitcoin Price Slide Explained: 6 Events Behind the $85M Liquidation

Bitcoin Price today, as it has precipitously fallen, came as a surprise to many following its close in June at an all-time high of $107,171. But the combination of economic, political, and market- specific conditions resulted in an abrupt price turn.

The fall was not the result of a specific event rather, it was a perfect storm. From good U.S. numbers and ETF redemptions to Elon Musk's battle with Donald Trump, investors had enough reasons to remove risk from the equation.