The price of $BTC has dropped by 4% to $95,200.
In just a few days, the price has tumbled from around $100,000, making investors concerned about whether a bigger drop is on the way.
According to CoinGecko data, the total market cap of Bitcoin is still around $1.89 trillion, but the trading volume of $44.7 billion cannot stop the wave of pessimism in the market.
Although the price of Bitcoin is still up by three digits since the beginning of the year, many prominent analysts believe that there is a risk of Bitcoin returning to $70,000 or even $60,000 in the near term.
The continued pressure and strengthening of the dollar makes it clear that the buying power is limited.
