Why #btc price went down and will down :-

The Bitcoin price has fallen by more than 5% over the past five days, as of July 5, 2024. This decline is attributed to a number of factors, including:

✅* The recent Federal Reserve interest rate hike: The Federal Reserve has been raising interest rates in an attempt to combat inflation. This has made it more expensive for businesses and consumers to borrow money, which has led to a decrease in demand for Bitcoin.

✅* The ongoing war in Ukraine: The war in Ukraine has caused a global energy crisis, which has led to a rise in energy prices. This has also contributed to a decrease in demand for Bitcoin, as people are looking to save money on energy bills.

✅ * The increasing adoption of alternative cryptocurrencies: The crypto market has seen a surge in adoption in recent months, as investors seek out alternative assets that are not subject to the same regulations as traditional financial instruments. This has put downward pressure on the price of Bitcoin.

Overall, the recent decline in the Bitcoin price is a result of a number of factors, including the Federal Reserve interest rate hike, the ongoing war in Ukraine, and the increasing adoption of alternative cryptocurrencies.