Bitcoin's price fall can be attributed to

Federal Reserve Policy: Decisions like interest rate cuts can lead to market corrections affecting investor sentiment in cryptocurrencies

Market Dynamics: Profit-taking, panic selling, and mean reversion contribute to price drops post significant gains

Regulatory and Geopolitical Tensions: Announcements from major economies or news about regulatory changes can instigate sell-offs

Liquidity and Leverage: High leverage positions and subsequent liquidations can cause sharp, sudden price declines