1. Market correction: After strong price increases, Bitcoin often tends to adjust.
2. Legal regulations: Strict regulations or bans from major countries put downward pressure on prices.
3. Market psychology: Negative news and investor concerns lead to sell-offs.
4. Global economic fluctuations: Factors such as inflation and interest rates affect investment decisions.
5. Competition from other cryptocurrencies: The emergence of new technologies reduces the appeal of Bitcoin.
Investors need to diversify their portfolios, update news, and have a long-term strategy to deal with Bitcoin's price fluctuations.
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