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Why Is Bitcoin Dropping Today?
Qadir Ak is the founder of Coinpedia. He has over a decade of experience writing about technology and has been covering the blockchain and cryptocurrency space since 2010. He has also interviewed a few prominent experts within the cryptocurrency space.
Bitcoin is down about 1% over the past 24 hours as investors remain cautious ahead of key economic and regulatory developments. Concerns over inflation, interest rates, and uncertainty surrounding the U.S. Clarity Act have reduced risk appetite across financial markets, with cryptocurrencies moving lower alongside stocks. Bitcoin has also struggled to attract fresh buying after recent gains, leaving prices stuck in a narrow range. In the short term, $63,000 remains an important support level. If Bitcoin holds above it, the price could recover toward $65,000–$66,800. A break below $63,000 could open the door to a move toward $62,200.
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