What’s Behind the Recent Bitcoin Dip?
Bitcoin's recent price drop follows its all-time high of over $93,000 earlier this week, with multiple factors contributing to the decline.
Recent US inflation data, including a 2.6% rise in the Consumer Price Index ( CPI ) and a 2.4% increase in the Producer Price Index ( PPI ), has spooked investors. These figures have raised concerns that the Federal Reserve might adopt a more hawkish approach, weighing on market sentiment.
In addition, Bitcoin miners have been selling off large amounts of BTC, including 2,000 coins from a 2010-era wallet, and 25,000 BTC recently moved to exchanges, adding to the bearish pressure.
The US Spot Bitcoin ETF saw a $400.7 million outflow on November 14, halting a streak of inflows and signaling reduced investor interest. Meanwhile, large Bitcoin holders have been cashing out, with a whale dumping 4,060 BTC over a few days, fueling further concerns about a price dip.
READ MORE:
Michael Saylor Doubts Bitcoin Will Dip Below $60K, Predicts $100K Milestone by 2025Despite the pullback, analysts remain optimistic about Bitcoin’s long-term potential, noting that short-term corrections are common in bull runs. Many see the current dip as an opportunity for investors to buy at lower prices before a potential price recovery.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Shiba Inu Faces Challenges Ahead of Potential Bitcoin Rally as Short-Term Sell-Offs Mount

Frank Founder Charlie Javice faces jury decision on genius or fraud claims in $175M JPMorgan trial
Share link:In this post: Frank Founder Charlie Javice could receive a 30-year prison sentence for fraud. JPMorgan Chase claims Javice and Amar fabricated data to get them to close the deal. Javice’s legal team believes the bank was more interested in her expertise than Frank’s user data.

Will Solana Skyrocket if Fidelity Files an ETF?

XRP vs ADA in 2025: Which Crypto Will Lead the Next Bull Run?

Trending news
MoreCrypto prices
More








