Bitcoin Fell by 5% to Its Lowest Level in Three Months
The price of Bitcoin dropped by 5%, reaching a new low of $104,324 per unit, marking the lowest level in almost three months. This led to its market capitalization falling below $2.1 trillion.
Analysts point to Bitcoin’s sudden decline after strengthening above $125,000 the previous day. This happened amid increased downward pressure from sellers and general concerns about liquidity and global economic uncertainty. Over the past week, the price has lost nearly 14%, raising concerns among investors.
Cryptocurrency markets are experiencing additional pressure due to escalating political tensions between the United States and China, which, according to experts, have also impacted asset prices. It is worth noting that the cryptocurrency market lost approximately $150 billion in the last 24 hours.
| Metric | Value |
|---|---|
| Bitcoin Price | $104,324 |
| Market Capitalization | $2.09 trillion |
| 24-hour Trading Volume | $102 billion |
| Weekly Decline | -14% |
