Bitcoin Plummets: Economic Pressures Fuel Crypto Downturn

Bitcoin’s recent plunge to a daily low of $114,000 has left investors deeply concerned after a significant drop of $3,000 in just 24 hours. The market is currently facing continued pressure around the $112,000 level, highlighting concerns about a sustained downward trend, according to recent market analysis. Our weekly report predicted this horizontal and downward movement in Bitcoin’s value, providing insight into why cryptocurrencies are experiencing a slump.