$BTC The cryptocurrency market is very volatile and can fluctuate depending on many factors, such as demand and supply, economic news, government regulations, etc.

Currently, there are several reasons why Bitcoin is down, including the US Federal Reserve's recent interest rate increase, China's recent mining ban, and concerns over cryptocurrency regulation in some countries.

However, it is important to note that the cryptocurrency market is unpredictable and the value of Bitcoin can change rapidly at any time.

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