news 
Bitcoin Struggles at $80K as Sellers Dominate the Market: Time to Buy the Dip?
The cryptocurrency market has been facing a tough time lately, with major players like Bitcoin and other altcoins experiencing significant declines. As of late, the price of Bitcoin (BTC) has dropped by around 3% in the last 24 hours, trading at approximately $82,000. February saw an unprecedented loss of 17.5%, marking one of the largest monthly drops since June 2022.
It’s worth noting that other cryptocurrencies like Ethereum and Dogecoin have also taken a hit. Despite this, we’ve seen some major market shifts, including Bitcoin’s price plummeting from its peak of $109,114 in mid-January to its current level.
A quick glance at the market shows that several factors have contributed to these losses. Some of these include geopolitical issues and economic policies that are influencing investor sentiment. We’ve also witnessed a significant drop in the amount of Bitcoin held by major investors, with this figure now standing at its lowest point in six years.
