Why Bitcoin is Down Today Understanding the 10% Weekly Drop
Bitcoin faces a notable challenge with its first major weekly drop since the last presidential election, down 10% to $94,645. This decline coincides with shifting Federal Reserve policies and emerging technical weaknesses in the market. Despite these hurdles, major firms maintain a bullish outlook for Bitcoin’s long-term prospects into 2025. The prevailing sentiment suggests that current fluctuations do not deter confidence in Bitcoin’s overall trajectory. As investors digest the implications of Federal Reserve actions, it’s important to remain vigilant. Observers should consider both macroeconomic factors and market responses while examining Bitcoin’s resilience.
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