Bitcoin (BTC) has fallen below $96,000, according to data from Cryptonewsterminal. The price of BTC is currently trading at $95,999.59 on the Binance USDT market. This represents a drop of over 3% from its all-time high of $104,000, which was reached on April 14, 2022. There are a number of factors that may have contributed to the recent decline in the price of BTC. One factor is the rising interest rates in the United States. The Federal Reserve has been raising interest rates in an effort to combat inflation. This has made it more expensive for businesses to borrow money, which has led to a slowdown in economic growth. A slowdown in economic growth can lead to a decrease in demand for risky assets, such as BTC. Another factor that may have contributed to the recent decline in the price of BTC is the increasing regulation of the cryptocurrency market. Governments around the world are becoming increasingly concerned about the risks posed by cryptocurrencies, and they are taking steps to regulate the market. This increased regulation could make it more difficult for people to buy and sell BTC, which could lead to a decrease in demand for the cryptocurrency. Despite the recent decline in price, BTC remains a popular investment among many people. The cryptocurrency is still seen as a store of value and a hedge against inflation. As the global economy recovers from the COVID-19 pandemic, demand for BTC could increase, which could lead to a rise in its price.

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