#BinanceMenaSquare
The reason for the decline in Bitcoin prices
Artificial intelligence view
The price of Bitcoin fell by approximately 8% within 10 minutes, arousing the curiosity of cryptocurrency investors to understand the reasons for this decline. There are several theories about this:
1. **Sale of SpaceX Shares**: Billionaire Elon Musk’s SpaceX has been reported to have offloaded some or all of its Bitcoin holdings, impacting the price¹.
2. **Fears about interest rate hikes**: Expectations of interest rate hikes by the US Federal Reserve have affected the market¹.
3. **Rapid Sentiment Shift**: Broader markets' expectations for future interest rate hikes¹.
4. **Increase in government bond yields**: The rise in bond yields has affected liquidity in the market¹.
Although there is no consensus on the main reason for the decline, these factors appear to have influenced Bitcoin's performance in the markets¹²³. 📉 . #BTC C.😉. C #BNB🔥 ✅ #Ethereum(ETH) ium TH✅
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