Bitcoin Price Plummets: What’s Next in Volatile Markets?

Bitcoin experienced a sharp price drop following a volatile week marked by fluctuating values. According to CoinMarketCap data, BTC traded around $76,983.31 after losing 2.62% over the past 24 hours. This marks a significant downturn from Bitcoin’s previous peak of $87,000 just last week, dropping down to a low of $74,000. 57.6 billion in trading volume has also seen a considerable decline, signifying reduced activity over the past period. Technical analysis suggests that bearish pressure persists and attempts at bullish rallies have so far been unsuccessful.