$BTC

Every time Bitcoin approaches that coveted level of $100,000, there is a feeling that it's finally here. But, as if by magic, the price drops again. Why does this happen? First of all, the cryptocurrency market is an adrenaline rush, where many investors buy on rumors and sell on news. As soon as the price reaches its peak, people start taking profits, which causes a decline. Regulatory news also contributes - as soon as governments start talking about new rules or bans, the market begins to panic. And let's not forget about the charming macroeconomic surprises, such as changes in interest rates or inflation shocks, which force investors to rethink their portfolios. As a result, Bitcoin still cannot hold its ground at this height, like a climber who keeps sliding back to base.