BTC Falls Below $98,000: Is The Bull Market Over? According to Coinnis market monitoring, BTC has fallen below $98,000. Based on Binance's USDT market, BTC is currently trading at $97,988.02. This is a significant drop from the all-time high of $110,000 that BTC reached earlier this year. The drop has been attributed to a number of factors, including: Profit-taking: Some investors are selling their BTC to take profits after the recent run-up in prices. Uncertainty: There is some uncertainty in the market about the future of BTC and other cryptocurrencies. This uncertainty is due in part to the regulatory environment and the potential for competition from other cryptocurrencies. * Technical factors: The drop in BTC's price may also be due to technical factors, such as the formation of a double top pattern. It is too early to say whether the bull market for BTC is over. However, the recent drop in price is a reminder that investing in cryptocurrencies is risky.

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