#BTC Drop Below $114K – rising Bitti mi, Buying Opportunity?
Bitcoin is currently trading at around $114,662.
Despite a small increase of 0.6% in the last 24 hours, the overall trend in the last week is downward.
Since the peak of $123,000 reached at the end of July, there has been a correction of about %7.
So, what is behind this drop?
– Profit Realization: After the historic high in July, a natural technical correction is occurring.
– Macroeconomic Uncertainty: the employment data in the US and interest rate expectations are affecting the crypto markets.
– ETF Outflows: Some institutional