The post Why Bitcoin is Dropping? How low BTC price will drop appeared first on Coinpedia Fintech News
Bloodshed in the crypto market doesn’t seem to be stopping as nearly $700 billion has been wiped out. In the past eight days, Bitcoin has fallen from $99,000 to $79,000, losing all the gains it made from the hype around President Trump’s pro-crypto policies. But what is causing this sudden drop, and how low can Bitcoin go?
Bitcoin Hits a Four-Month Low
Bitcoin, the biggest cryptocurrency, has fallen more than 5% in the last 24 hours, hitting a four-month low of $79,263. One major reason for this drop is growing fear in the market due to President Trump’s tariff threats, which have created uncertainty in the economy.
At the same time, the Crypto Fear and Greed Index has fallen to 21, its lowest level in nearly three years. This shows that many investors are scared and unsure about the market.
Short-Term Holders Lose Over $2 Billion
Many of the recent Bitcoin losses
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