Bitcoin’s Plunge: What is Fueling the Sharp Decline?
2025-07-15 15:19:29
Main Idea
Bitcoin's value has dropped below $116,000 due to large-scale BTC sales and waning ETF excitement, with potential further declines impacting altcoins and market sentiment.
Key Points
1. Bitcoin's value fell to $115,736, continuing a downward trend.
2. Over 40,000 BTC were sold via Galaxy Digital, with expectations that 80,000 BTC from 2011 will be fully sold soon, increasing supply pressure.
3. Declining enthusiasm for ETF entries has contributed to the market downturn.
4. If Bitcoin stays below $115,500, altcoins may face double-digit losses.
5. Potential U.S.-Russia trade tariffs add to market uncertainty and volatility.
Description
Bitcoin slips below 116,000 dollars, alarming investors globally. Excess BTC supply and tariff threats trigger the decline. Continue Reading: Bitcoin’s Plunge: What is Fueling the Sharp Decline? The post Bitcoin’s Plunge: What is Fueling the Sharp Decline? appeared first on COINTURK NEWS .
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