Why did BTC drop today?
BTC has been a little unstable recently! The price has dropped directly, which is frightening. Why is this happening? Let's talk about several possible reasons.
First of all, the inflation data in the United States has added a lot of trouble to the market. Both CPI and PPI have risen, which means that prices are rising. If the Federal Reserve takes action, it may have to tighten monetary policy. In this way, everyone has become cautious and dare not invest money casually, and Bitcoin will suffer.
Let's talk about BTC miners. They have a lot of BTC in their hands, but they have been selling them recently. Do you think this will not affect the price? It's like you have a lot of apples in your hands, and you keep selling them. Can the price of apples not fall?
There are also some problems with Bitcoin ETF. There was a lot of money flowing in before, and everyone was optimistic about it. But recently, funds have begun to flow out, which means that some investors have begun to be pessimistic about Bitcoin, or want to take profits. In this way, the price of BTC will be more difficult to rise.
In addition, there are some whales who have a lot of BTC in their hands. As a result, they also started to sell, which was a big blow to the price of BTC.
However, although Bitcoin has fallen a lot recently, I think its long-term trend is still good. The current decline is only temporary and it will rise again in the future.
So don't worry too much about the price of BTC.
Recently, I plan to ambush a potential coin that is ready to explode. It is still very easy to double it. At the same time, I am also preparing to find some potential coins to hold by the end of the year. It is expected that there will be no problem with more than 10 times the space. If you want to follow up, like + leave a message, and share it for free.
