$BTC

Bitcoin’s drop is mainly due to strong US economic data pointing to potential interest rate hikes. This development makes cryptocurrencies less attractive as investments, while signals from the Federal Reserve about tighter monetary policy further intensify market corrections.”

Bitcoin’s drop to $90,000 could happen before a true rally begins

Bitcoin price could fall below the $90,000 level before embarking on a strong rally above $126,000, according to market analysts.

Despite this, analysts remain optimistic about Bitcoin’s price trajectory, with some expecting a cycle top above $150,000 by the end of 2025, fueled by a projected $20 trillion increase in global money supply, which could attract $2 trillion of investment into BTC.