Bitcoin Drops Below $109,000: What’s Behind the Plunge?

Bitcoin price recently dropped below the significant $109,000 mark, prompting concerns within the cryptocurrency market. Analysts point to several possible factors contributing to this decline. While no single cause can be pinpointed, large-scale profit-taking by institutional investors and macro-economic news (like inflation reports or interest rate changes) are likely at play. These events often lead investors to seek safer assets, pushing them away from volatile cryptocurrencies like Bitcoin.