Reported 2 days ago
Bitcoin has seen a significant decline from its record high of over $109,000 due to a mix of macroeconomic concerns, a major hack on the Bybit exchange, and substantial outflows from Bitcoin ETFs. The overall downtrend in the stock market and geopolitical uncertainties surrounding tariff policies proposed by President Trump have also influenced Bitcoin's price. Additionally, the unwinding of 'cash and carry' trades and unmet expectations regarding regulatory support for cryptocurrencies have further contributed to investor unease in the market.
Source: YAHOO