๐ฐ๐ฅ Why Did Bitcoin Drop? ๐ฅ๐ฐ
๐ The decline in Bitcoin's price is attributed to several factors:
- ๐ Traders cashing out profits.
- ๐บ๐ธ Uncertainty regarding US interest rate cuts.
๐ Bitcoin's current price sits at $68,925.81, marking a 0.56% change over the past 24 hours.
๐ Bitcoin Scalability Problem:
- ๐ Refers to the network's limited capacity to handle large transaction volumes quickly.
๐ BTC Price Forecast for November 2024:
- ๐ Minimum expected: $38,102.02.
- ๐ Maximum peak: $41,935.68.
- ๐ฐ Average trading value: $40,018.85.
๐ Bitcoin Price Predictions for 2024:
- ๐ Average peak: $87,875.
- ๐ Average lowest price: $35,734.
๐ Recent Contracts on CME Bitcoin (USD):
- ๐ผ Aug 2024: $78,015.00 (+$2,545.00).
- ๐ผ Sep 2024: $78,485.00 (+$2,555.00).
- ๐ผ Dec 2024: $79,300.00 (+$2,500.00).
- ๐ผ Mar 2025: $79,565.00 (+$1,360.00).
Stay informed and watch the market closely! ๐๐ก
