Bitcoin Falls Below $74,000
Recent data shows Bitcoin has dropped below the critical psychological level of $74,000, currently trading at $73,986.5 with a 24-hour decline of 5.76%.
This price adjustment has drawn significant market attention, with investors becoming more cautious. Experts recommend strengthening risk management during this period and avoiding excessive leverage.
Reasons Behind Increased Volatility
Recent market volatility has notably increased, influenced by multiple factors:
- Weak performance in macroeconomic data
- Growing uncertainty in regulatory policies
- Portfolio restructuring by institutional investors
These elements collectively contribute to the current price fluctuations.