Bitcoin's recent price drop below $100,000 has raised eyebrows, yet it reflects broader market dynamics. The cryptocurrency fell to $92,500, influenced by a strengthening US dollar as investors seek stability amid inflation concerns and potential Federal Reserve rate delays. This shift has made crypto less attractive in the short term.
Additionally, declines in tech stocks like Super Micro Computer and Micron Technology have impacted Bitcoin, highlighting its growing connection to traditional markets. Despite this volatility, analysts remain optimistic about Bitcoin's long-term potential, predicting a rally above $150,000 as global money supply increases.