Why Did Bitcoin Drop This Morning?
This morning, Bitcoin suddenly dropped, but the reason is simple — a liquidity shortage in the market.
The U.S. Treasury bond auction withdrew $163 billion from the market, which caused risky assets like Bitcoin to fall.
The straight talk is — when there is less money in the market, Bitcoin weakens.
It's just like the market has lost its blood; as long as the money doesn't come back, the market remains weak.
BTC
101,737.46
-2.35%