Bitcoin Plummets Back Below $97K as Investors Sell Amidst US-China Trade Deal Progress

Despite some optimism from the recent progress of the US-China trade deal, Bitcoin’s price has experienced a significant downturn on Sunday afternoon. Investor withdrawals have contributed to this decline, with over $1 billion in BTC transferred to cryptocurrency exchanges in the past three days alone. This surge in withdrawals is raising concerns as it often precedes sell-offs due to investors typically holding their Bitcoin away from exchanges unless they intend to trade them immediately.