Bitcoin’s Price Drops 5% to $95,000: Causes Explained
Bitcoin has faced a significant decline of 5% in just 24 hours, now trading around the $95,400 mark. Analysts attribute this drop to the fallout in the bond markets, coinciding with stronger-than-expected Purchasing Managers’ Index readings. This recent price action raises concerns about market stability and investor sentiment. Understanding the reasons behind Bitcoin’s movement can help investors make informed decisions moving forward.