The recent plunge of Bitcoin (from around $126,000 at the beginning of October to around $90,000 now, even dropping below $85,000 during trading) is not caused by a single reason, but rather a 'perfect storm' triggered by 'macroeconomic liquidity tightening, regulatory negative surprises, and outflows of institutional funds'. In simple terms, the market's previous dream of 'interest rate cuts + tax reductions' has been shattered, and the cold reality has come crashing down. $BTC #Bitcoin market observation #December market outlook $BTC
BTC
87,633.34
-2.27%
