Reported 11 months ago
Bitcoin has witnessed a sharp decline, dropping nearly $5,000 in a week from above $66,000 to around $61,000, leaving investors puzzled. The drop coincided with a sentiment shift, with the Crypto Fear and Greed Index moving from 'Greed' to 'Neutral.' The decline was influenced by the German government's plan to sell a large Bitcoin holding, whale activity slowing down, Mt. Gox's repayment announcement, and cascading liquidations in the derivatives market, all contributing to recent price volatility.
Source: YAHOO