Bitcoin price has dropped nearly 9% in the past seven days as bearish sentiment grows. BTC could fall toward $71,000 and $70,000 before potentially testing $65,000. The decline comes as US political uncertainty, rising inflation, and expectations of higher interest rates weigh on crypto markets. Bitcoin ETF outflows have reached nearly $1.9 billion in November, while whales have sold around 20,000 BTC in the first 12 days of the month. Bitcoin has also broken below the key $75,000 support level and its 200-day EMA, raising concerns about further downside.
CoinPedia has been delivering accurate and timely cryptocurrency and blockchain updates since 2017. All content is created by our expert panel of analysts and journalists, following strict Editorial Guidelines based on E-E-A-T (Experience, Expertise, Authoritativeness, Trustworthiness). Every article is fact-checked against reputable sources to ensure accuracy, transparency, and reliability. Our review policy guarantees unbiased evaluations when recommending exchanges, platforms, or tools. We strive to provide timely updates about everything crypto & blockchain, right from startups to industry majors.
All opinions and insights shared represent the author's own views on current market conditions. Please do your own research before making investment decisions. Neither the writer nor the publication assumes responsibility for your financial choices.
Sponsored content and affiliate links may appear on our site. Advertisements are marked clearly, and our editorial content remains entirely independent from our ad partners.
Singapore has banned Alice Huang from returning to the country following an investigation into possible…
SpaceX shares rose around 4% on Thursday as speculation grew about a possible partnership between…
Nvidia has lost an estimated $930 billion in market value over four trading sessions following…
The crypto market has lost roughly $560 billion since September 22, wiping out nearly 20%…
Nebius shares fell as much as 21.5% on Thursday after the AI cloud provider lowered…
Social Security’s retirement trust fund is set to run out of reserves in the fourth…
