#BTCOutlook The decline in Bitcoin's market value can be attributed to several key factors, including:
1. Macroeconomic Impact
Inflation and Interest Rates: When central banks raise interest rates, investors often shift away from risky assets like Bitcoin.
Strengthening of the US Dollar: A stronger dollar can reduce the demand for cryptocurrencies.
2. Regulatory Uncertainty
Restrictions or strict regulations imposed on cryptocurrencies in various countries.
Regulatory actions by agencies like the SEC in major markets like the US.
3. Investor Sentiment
Negative news (e.g., major hacks or the shutdown of a crypto exchange).
Panic selling by Bitcoin holders.
4. Market Dynamics
High volatility in the crypto market.
Large sell-offs by institutional investors or "whales."