Bitcoin Drops to Two-Month Low Amid Market Shift
Bitcoin Drops to Two-Month Low Amid Market Shift

Bitcoin Drops to Two-Month Low Amid Market Shift

News summary

Bitcoin's value has dropped to its lowest in nearly two months, falling 3.6% to around $90,957 as investors moved away from riskier assets amid rising bond yields and strong U.S. jobs data. This decline follows a brief rally earlier in January when Bitcoin had surpassed $100,000, only to face renewed bearish sentiment from economic indicators and uncertainty surrounding the incoming Trump administration. Analysts are divided on the market's trajectory, with some suggesting it may test lower support levels around $88,000 or even $74,000, while others see potential for a rebound as institutional interest remains. The overall sentiment in the crypto market has shifted from

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Last Updated
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