$BTC

Bitcoin’s sudden drop is usually caused by factors such as:

Market volatility: Bitcoin is known for its sharp fluctuations due to supply and demand.

Negative news: such as government bans, strict regulations, or hacking of trading platforms.

Massive liquidation: Massive selling by large investors (market whales).

The state of the global economy: Inflation or a change in interest rates affects digital assets.

These factors lead to a loss of confidence, which prompts investors to sell quickly, thus lowering the price.