Bitcoin can drop for several reasons, often linked to market sentiment and global events. Rising interest rates or strong economic data can push investors toward safer assets, reducing demand for cryptocurrencies. Regulatory news, such as governments proposing stricter rules, can also scare investors and cause sell-offs. Large holders, sometimes called “whales,” may sell significant amounts of Bitcoin, triggering panic selling among smaller investors. In addition, negative news like exchange hacks or bankruptcies can hurt confidence. Because Bitcoin is still a relatively young and volatile asset, prices can change quickly based on emotions, speculation, and overall market uncertainty.
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