Bitcoin fell below $64,000, losing $5,000 from its peak. Profit sales following a rapid rise caused a loss of value. The intense interest of institutional investors and the FOMO (Fear of Missing Out) feeling of individual investors have a great impact on this decline. Institutional investors purchased $7.6 billion worth of Bitcoin in the first two months of the year, and another $1.8 billion entered the market last week. However, corrections seem inevitable as there are uncertainties about the sustainability of this rapid demand for Bitcoin.

Bitcoin fell below $64,000, losing $5,000 from its peak. Profit sales following a rapid rise caused a loss of value. The intense interest of institutional investors and the FOMO (Fear of Missing Out) feeling of individual investors have a great impact on this decline. Institutional investors purchased $7.6 billion worth of Bitcoin in the first two months of the year, and another $1.8 billion entered the market last week. However, corrections seem inevitable as there are uncertainties about the sustainability of this rapid demand for Bitcoin.

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