$BTC

Bitcoin's price is renowned for being highly volatile, and it dropped below $64K today . Here are some reasons that may have contributed to the crash :

- *SEC's denial of spot Ether ETFs*: The United States Securities and Exchange Commission (SEC) is likely to deny spot Ether exchange-traded funds (ETFs) in May.

- *BlackRock's statement*: BlackRock clarified that it has no commercial relationship with Hedera and did not choose Hedera Hashgraph to tokenize any BlackRock funds.

- *Bitcoin mining profits*: Bitcoin miners could be in for a rough couple of months as the market adjusts to the quadrennial halving.#Megadrop #bitcoinhalving #btc #BTC #ETH