Bitcoin Plunges Below $104,000: Key Factors and What Investors Should Know

The cryptocurrency market experienced a significant shift as Bitcoin’s price dropped below the crucial $104,000 threshold. According to market monitoring from BitcoinWorld, BTC currently trades at $103,924.04 on Binance’s USDT market, signaling a notable decline that has attracted attention globally. This price drop was triggered by several factors. Institutional investors are reportedly selling off their holdings, and profits following recent gains have contributed to the decrease in value. Moreover, global economic uncertainty and regulatory developments continue to impact cryptocurrency valuations.