Cryptocurrency Market Is Down: What's Happening?
The cryptocurrency market has taken a big hit. Bitcoin price has dropped significantly after hitting very high levels. Many investors are wondering what is happening.
Profit taking: A big reason
When the price of Bitcoin rose to this level, some investors sold their coins to make a profit. This caused a lot of sell orders, which made the price drop. It is normal for investors to sell when the price is high, but it can affect the market.