• 📉 Bitcoin (BTC) price dropped to $67,000 during Asian trading hours on March 15, 2024, a 7% decrease from $70,000.

• 🔄 The price later recovered to around $68,500.

• 📈 Current BTC price is now ~$67,946.02.

• 💸 Over $100 million in long positions were wiped out in the last 12 hours, with $167 million liquidated in the last 24 hours.

• 📊 The CoinDesk 20 index, measuring the largest and most liquid digital assets, fell by 6%.

• 🥇 Gold prices and Nasdaq also experienced pressure this week.

• 📈 Analysts describe BTC’s pullback as a typical bull breather after sharp uptrends.

• 📉 Recent strong U.S. CPI data has cooled expectations of a Fed rate cut, contributing to the drop.

• ⚙️ Uncertainties ahead of next month’s mining reward halving are causing market adjustments.

• 📈 QCP Capital expects dips to be fleeting as long as daily BTC spot ETF demand remains strong.

• 📊 A prediction market contract on Polymarket gives a 38% chance that BTC will close above $70,000 by noon Friday in the U.S. Eastern Time.