Bitcoin has seen a significant decline in its price in recent days. For example, today, the price of Bitcoin fell more than 5% to $96,200, after reaching above $100,000 in the previous session.
Bitcoin’s price volatility is influenced by various factors, including global economic conditions, changes in monetary policies, and the general market trend. One reason for the recent decline is strong data from the US economy, which has reduced the likelihood of the Federal Reserve cutting interest rates.
It is difficult to accurately predict how long the decline in the price of Bitcoin will continue, as the cryptocurrency market changes rapidly. Some analysts believe that if positive factors emerge, such as policies in favor of cryptocurrencies at the government level, the price of Bitcoin could rise again. For example, if President-elect Donald Trump takes steps in favor of the crypto industry, the price of Bitcoin could exceed $125,000.
However, given the market uncertainty, investors need to remain cautious and keep an eye on the latest information.