For June 22, 2024, I can share some general reasons that could be affecting its value:
Market Sentiment: Cryptocurrency prices are highly influenced by market sentiment. If there are concerns about the global economy or cryptocurrency adoption, this can negatively affect the price.
Macroeconomic factors: Changes in interest rates, inflation or government policies can affect confidence in Bitcoin and other cryptocurrencies.
Intrinsic volatility: Bitcoin is known for its high volatility. Price fluctuations may simply be due to the speculative nature of the market.
Specific Events: Sometimes specific events like hacks, regulations, or cryptocurrency-related news can affect the price.
In summary, several factors may be contributing to the decline in Bitcoin price. For more accurate information on June 22, 2024, I recommend consulting updated sources1. Remember that the cryptocurrency market is unpredictable and can change quickly. 📉