$BTC Bitcoin's price took a hit, falling to a six-month low below $93,000, wiping out over 30% of its year-to-date gains. The cryptocurrency is currently trading around $93,614, with a market cap of approximately $1.91 trillion. This decline is largely attributed to decreased chances of the Federal Reserve cutting interest rates in December, which has shifted investor sentiment towards riskier assets like Bitcoin ¹ ².
*Key Factors Influencing Bitcoin's Price:*
- *Institutional Selling*: Bitcoin ETFs saw significant outflows, with $866 million withdrawn in a single day, contributing to the price drop.
- *Macroeconomic Uncertainty*: The US government's shutdown and delayed inflation data have added to market anxiety, causing investors to retreat from risk assets.
- *Technical Breakdown*: Bitcoin broke critical support levels, triggering cascading liquidations and further price decline.
*Market Sentiment and Predictions:*
The current sentiment is bearish, with many analysts predicting a potential further decline. However, some experts believe that Bitcoin's price could rebound, citing factors like institutional accumulation and regulatory breakthroughs. Predictions for Bitcoin's price by the end of 2025 vary widely, ranging from $111,414 to $146,753 ³ ⁴.#USStocksForecast2026 #StrategyBTCPurchase #MarketPullback #AITokensRally #CPIWatch
