Bitcoin has seen a swift price drop, falling back below the $70,000 mark after reaching a recent high of $73,600. Currently, BTC is trading around $68,300. This correction aligns with predictions, as Bitcoin’s recent gains were achieved without strong fundamental support, making it more vulnerable to sudden market fluctuations.
The uncertainty surrounding the U.S. elections is also impacting the entire crypto market. In the near term, analysts expect Bitcoin to either stabilize around the $70,000 mark or see further decline if the market experiences additional shocks.
