What happened to Bitcoin yesterday?
Yesterday Bitcoin took a small dip, nothing serious, but enough to catch attention. It fell by about 0.86%, closing above $103,300, after having touched nearly $106,500 earlier.
So why did it move like this?
🎯 First, a lot of futures and options contracts expired. You know what happens: many people took the opportunity to cash out and that puts selling pressure.
💬 Then there's the Federal Reserve, which reiterated that it will not lower interest rates yet. That cools the mood quite a bit in risk markets like crypto.
🌍 And as if that weren't enough, geopolitical tensions (Middle East) also make many prefer to wait and not take too much risk.
So what now?
No need to panic. As long as Bitcoin stays above $102,000, things are still good. Sometimes the market just needs to breathe a little before continuing to rise.
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