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Why is Bitcoin Price Dropping Today?
The Bitcoin price has taken a significant downturn today, with the cryptocurrency trading at $92,941 at its lowest point. This sudden drop in value has left many investors wondering what’s behind it.
Historically, Q4 has been a strong period for Bitcoin and altcoins, aligning with market cycles. However, we are currently experiencing a cooldown following the recent halving event in 2024. It is not uncommon to see significant rallies after such events, and this could be another instance of that.
Source: coinpedia.org
