Bitcoin Price Falls Below $83K After 9% Drop – What’s Next for BTC?

Description

Bitcoin’s price took a dramatic turn, surging to $95,000 before crashing below $83,000 in a matter of days. The initial rally was fueled by former President Donald Trump’s proposal for a U.S. Crypto Strategic Reserve, which aimed to include Bitcoin, Ethereum, and several altcoins. However, enthusiasm quickly faded as concerns over regulatory approval and implementation surfaced. Additionally, profit-taking and macroeconomic factors triggered a wave of sell-offs, sending BTC tumbling to $82,880. ...