Reasons Why Bitcoin Price Suddenly Dropped Below $61k

The recent downturn in Bitcoin’s price, dropping to $61,000, has prompted concerns within the cryptocurrency market. Investors and analysts are scrutinizing the factors contributing to this decline and assessing the potential for further decreases. This period of heightened volatility underscores the dynamic nature of digital asset markets, where price movements are influenced by a combination of technical indicators, market sentiment, and broader economic factors.