Why Is Bitcoin (BTC) Price Dropping Today? - Coinpedia

Jan 8, 2025 · In this article, we’ll break down the key reasons behind Bitcoin’s price dip and what it means for the broader crypto market moving forward. Key Reasons for the Bitcoin Price …

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Bitcoin Price Dips Below $66K, Analysts Reveals Drivers Of Selloff

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Apr 3, 2024 · The bitcoin price saw a significant dip this week and into Wednesday, falling from a $71,300 high on Sunday to just below $66,000 as of this writing. It is down more than 6.5% in …

thestreet.com

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Analyst Reveals Why Bitcoin Price Crashed From $73,000 To $69,000

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Nov 2, 2024 · Despite the bulls managing to steady a Bitcoin price support at $69,000, the rapid downturn stirred questions among many crypto traders. According to crypto expert Ash Crypto …

tradingview.com

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Key Reasons Behind Bitcoin Price Drop Today - CoinGape

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Sep 2, 2024 · The analyst added that for the Bitcoin price to maintain the uptrend, it must give a closing above $59,000, which seems unlikely considering the current price levels. #BTC. …

coingape.com

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3 Reasons Why Bitcoin (BTC) Price Is Down Today - Cointelegraph

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Jul 25, 2024 · The US central bank has kept its benchmark overnight interest rate in the current 5.25%-5.50% range since 2023, but analysts expect two to three cuts by the end of 2024.

cointelegraph.com

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Why Is Bitcoin (BTC) Down Today? - Forbes

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Bitcoin has seen a 16.85% drop over the last 24 hours and 27.73% in the previous seven days. It was dropping in the blink of an eye. As of today, August 6, 2024, it has stabilized at around ...

forbes.com

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Why Is Bitcoin Price Down Today? Key Reasons Explained

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Sep 2, 2024 · While Bitcoin was trading at $59,076 yesterday, it dropped to as low as $57,127 during the early Asian trading session today. BTC closed the week at $57,565, once again …

tradingview.com

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Why Is Bitcoin Down Today? BTC Price Sees Sharpest Drop In 135 …

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Dec 19, 2024 · Bitcoin's sharp decline to $100K following the Federal Reserve's hawkish stance on 2025 rate cuts signals a market adjustment. Learn why crypto markets are reacting to …

financemagnates.com

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Why Did Bitcoin Suddenly Crash? Key Factors Behind The BTC Plunge

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6 days ago · However, sustained recovery depends on Bitcoin reclaiming $97,204 and breaking above resistance. Long-Term Outlook. Despite near-term headwinds, Bitcoin’s fundamentals, …

cryptonews.com

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Why Bitcoin Is Down Today? Exploring The Economic Impact On

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6 days ago · Sol Strategies Backs Solana with CAD $25M Credit Line – Here’s Why , Big Predictions for Bitcoin’s Future. Despite the current dip, the market is bullish about raising ETF …

coinpedia.org

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Why Is Bitcoin Going Down? BTC Price Falls To Lowest Levels Since ...

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4 days ago · Why Is Bitcoin Falling? BTC Price Declined Three Days In a Row ... rather than a crash. Key support levels remain intact, with $91,000 and $80,500 providing potential floors. A …

tradingview.com

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Bitcoin Analysts Explain Why BTC Could Avoid A Drop Under $90K

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4 days ago · Bitcoin’s (BTC) price dropped to a new range low at $91,055 on Jan. 9, its lowest value since Dec. 1. The next psychological support range remains under $90,000, and some …

cointelegraph.com

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Bitcoin Price Prediction: Overbought Signal Points To 13% Drop, …

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Jan 7, 2025 · Investors should brace for a potential double-digit drop in bitcoin, according to Katie Stockton.; The top technical analyst said she saw bitcoin finding support at $84,500, implying …

businessinsider.com

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This Is Why Analysts Predict A Bitcoin Price Crash To $60,000

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Dec 27, 2024 · For the past week, Bitcoin’s price has been in a “key support area” between $97,000 and $93,800. If the asset’s value drops below this range, we could see a sharp drop …

beincrypto.com

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#Bitcoin Breaks $100K In A Game-Changing 2024 - YouTube

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2024 was huge for crypto. Bitcoin hit $100K, ETFs brought billions, and meme coins plus AI-driven platforms like Pump.Fun stole the spotlight. With Bitcoin h...

youtube.com

FAQs about Why Is Bitcoin (BTC) Price Dropping Today? - Coinpedia Coupon?

Why did bitcoin price fall?

Bitcoin price fell because of multiple reasons below $104K, including the US Federal Reserve's interest rate decision today. Bitcoin price retraces as analysts expect the Fed to turn hawkish amid stick inflation with fewer than 4 rate cuts in 2025. On-chain data shows heavy profit booking by Bitcoin holders active for 90 to 365 days. ...

Why did bitcoin drop?

Second, Bitcoin’s drop is part of its prevailing rising wedge trend, where the price is rising inside two converging, ascending trendlines. On Dec. 18, BTC tested the wedge’s upper trendline as resistance, leading to a sharp decline toward its lower trendline support today. ...

Why did bitcoin price drop 4.75% a day?

Bitcoin’s (BTC) price has dropped 4.75% a day after establishing its record high of around $108,365, and was trading for around $104,175 on Dec. 18. The decline appears ahead of the United States Federal Reserve’s key interest rate decision, suggesting most Bitcoin traders are de-risking ahead of the event. BTC/USD four-hour price chart. ...

Why has bitcoin dropped below 55,000?

However, Bitcoin has dropped below $55,000. The recent decline in Bitcoin’s price is due to a hike in interest rates by central banks worldwide, geo-political tension in the Middle East, and concerns related to the US economy, which have affected investor sentiment. ...

What happened to bitcoin?

This marked the largest single-day drop since August 5, when the price declined by 7%, hitting a low of $49,000. Today (Thursday, December 19, 2024), Bitcoin also tested levels below the psychological support of $100,000. However, at the time of writing, it has modestly rebounded and is trading at $101,600 on Binance. ...

Why are Bitcoin prices fluctuating?

The overall cryptocurrency market, including Bitcoin, has experienced price fluctuations due to unforeseen macroeconomic headwinds and the recent impact of Spot ETH ETFs. Let’s explore other factors that have contributed to the fluctuation in Bitcoin prices: U.S. SEC approves spot ethereum ETFs. ...