Recently, Bitcoin experienced a significant drop in price. This decline is primarily attributed to the cautious stance of the U.S. Federal Reserve regarding future interest rate cuts. Although the Federal Reserve reduced interest rates by 0.25% for the third time, they indicated limited likelihood of further cuts in the near future. This created uncertainty among investors.
Following this announcement, Bitcoin's price fell sharply, dropping below the psychological threshold of $100,000. This drop not only affected Bitcoin but also impacted other cryptocurrencies and the stock market as investors moved away from riskier assets.
Additionally, large investors, often referred to as "whales," sold significant amounts of Bitcoin to secure profits. This triggered additional selling pressure, further pushing the price downward.
Despite these factors, experts believe that Bitcoin's price volatility is part of its natural cycle, and there is potential for a rebound in the future.
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