Bitcoin Drops Below $91,000 as Market Enters Volatile Phase
Latest market data shows Bitcoin (BTC) has fallen below the critical support level of $91,000, currently trading at $90,997.44.
Although the price saw a slight increase of 0.26% over the past 24 hours, overall market sentiment remains cautious, with traders advised to closely monitor price movements and trading volumes.
Possible Causes of the Price Fluctuation
- Increased uncertainty in the macroeconomic environment
- Some institutional investors opting to take profits
- Technical indicators showing short-term correction signals
In the current market climate, investors should maintain rational judgment, allocate assets wisely, and avoid potential losses due to sharp price swings.