💰💥 Why Did Bitcoin Drop? 💥💰

📉 The decline in Bitcoin's price is attributed to several factors:

- 📈 Traders cashing out profits.

- 🇺🇸 Uncertainty regarding US interest rate cuts.

📉 Bitcoin's current price sits at $68,925.81, marking a 0.56% change over the past 24 hours.

🔍 Bitcoin Scalability Problem:

- 🛑 Refers to the network's limited capacity to handle large transaction volumes quickly.

📅 BTC Price Forecast for November 2024:

- 📉 Minimum expected: $38,102.02.

- 📈 Maximum peak: $41,935.68.

- 💰 Average trading value: $40,018.85.

🚀 Bitcoin Price Predictions for 2024:

- 📈 Average peak: $87,875.

- 📉 Average lowest price: $35,734.

📊 Recent Contracts on CME Bitcoin (USD):

- 💼 Aug 2024: $78,015.00 (+$2,545.00).

- 💼 Sep 2024: $78,485.00 (+$2,555.00).

- 💼 Dec 2024: $79,300.00 (+$2,500.00).

- 💼 Mar 2025: $79,565.00 (+$1,360.00).

Stay informed and watch the market closely! 📈💡

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