Bitcoin's price dropped below $50,000 due to a combination of factors, including:

- Liquidation of leveraged positions

- Broader market sell-off

- Macroeconomic concerns and regulatory uncertainty

- Election uncertainty and shifting market sentiment

- On-chain and exchange liquidations

These factors created a perfect storm that drove Bitcoin's price down, highlighting the interconnectedness of cryptocurrency and traditional financial markets.

#Bitcoin❗ #Write2Earn! #BTCMarketPanic #RecessionOrDip? #MarketDownturn