Bitcoin Plummets 4%, Coinciding With Crypto Fear Index Dip

Bitcoin’s price experienced a significant drop of approximately 4%, falling to $103,100 over the past 36 hours. This decline marks a sharp departure from its previous weekly high, and analysts attribute it to several factors including declining market sentiment as measured by the Crypto Fear & Greed Index, now at 61, and heightened volatility triggered by geopolitical events.