Bitcoin's recent price drop follows its all-time high of over $93,000 earlier this week, with multiple factors contributing to the decline.
Recent US inflation data, including a 2.6% rise in the Consumer Price Index (CPI) and a 2.4% increase in the Producer Price Index (PPI), has spooked investors. These figures have raised concerns that the Federal Reserve might adopt a more hawkish approach, weighing on market sentiment.
In addition, Bitcoin miners have been selling off large amounts of BTC, including 2,000 coins from a 2010-era wallet, and 25,000 BTC recently moved to exchanges, adding to the bearish pressure.
The US Spot Bitcoin ETF saw a $400.7 million outflow on November 14, halting a streak of inflows and signaling reduced investor interest. Meanwhile, large Bitcoin holders have been cashing out, with a whale dumping 4,060 BTC over a few days, fueling further concerns about a price dip.
Despite the pullback, analysts remain optimistic about Bitcoin’s long-term potential, noting that short-term corrections are common in bull runs. Many see the current dip as an opportunity for investors to buy at lower prices before a potential price recovery.
Swan, a Bitcoin-focused financial firm, has issued a striking market update suggesting that the current BTC cycle isn’t just another repeat of the past—it might be the last of its kind.
Ross Ulbricht, founder of the infamous Silk Road marketplace, is back in the headlines after receiving a mysterious transfer of 300 BTC—valued at roughly $31 million.
Bitcoin could be heading for a notable dip if it fails to stay above a key price zone, according to market watcher DonAlt.
A new report from Cane Island reveals a startling truth about Bitcoin’s supply: by late 2025, over 7 million BTC could be permanently lost—more than one-third of all coins ever mined.