Coin-Turk 19 minutes ago
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Bitcoin 
$97,234 is currently encountering intense selling pressure while attempting to exceed the $100,000 threshold. Over the past hour, the largest cryptocurrency fluctuated between $95,850 and $97,729, with its market capitalization hovering around $1.917 trillion. According to an analysis by 10x Research, the cryptocurrency market is undergoing a challenging phase, and further declines are likely in the short term.
Why is Bitcoin Declining? Key Factors Behind the Drop
The weakness in Bitcoin’s price is attributed to global economic and political developments. 10x Research noted that Bitcoin has exhibited weakness signals technically since the beginning of February. The “Diamond Top” formation particularly indicates a potential sharp correction following an upward trend.
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