$BTC

Bitcoin's recent downfall is driven by several factors. Regulatory crackdowns in major markets like the U.S. and China have created uncertainty. Large investors are selling off holdings, leading to panic among retail traders. Rising interest rates and a stronger U.S. dollar make riskier assets like Bitcoin less attractive. Additionally, negative news around crypto exchanges and security breaches has hurt investor confidence. Technical chart patterns also show bearish signals, causing more selling pressure. Overall, fear and uncertainty in both global markets and the crypto space have led to Bitcoin’s price drop, reminding investors of its volatility and speculative nature.