The recent dip in Bitcoin price has sparked concerns among investors while triggering massive selling pressure in the broader crypto market. In addition, the recent market developments also hint towards a further dip, with many predicting a potential slip to $80K or even below. Notably, this comes despite the strong institutional interest in the flagship crypto, as evidenced by the buying spree of MicroStrategy (MSTR) and others.
Why Is Bitcoin Price Falling Today?
Bitcoin price has recorded a sharp decline today, sparking concerns in the broader crypto market. A flurry of reasons could have weighed on the investors’ sentiment recently, which has also triggered massive selling pressure in the digital assets space.
For context, BTC has recorded massive rallies since Donald Trump’s election win in November. Having said that, it also provided a profit-booking opportunity to many investors, with recent on-chain data indicating heavy selling pressure on the crypto. Top crypto market exp
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