Top Reasons Why Bitcoin is Down Today (Jan 8, 2025):
1. Stronger-than-Expected U.S. Economic Data – Reduced hopes for Federal Reserve interest rate cuts.
2. Increased Liquidations – Significant market liquidations intensified selling pressure.
3. Macroeconomic Concerns – Rising interest rates led to a shift towards risk-off assets.
4. Technical Market Corrections – Typical correction patterns observed in $BTC BTC price action.
5. Regulatory Uncertainty – Market reacts to unclear regulatory developments.
