9 Reasons Bitcoin Crashed From $81K To $67K In Just 10 Days.
The price of Bitcoin has plunged more than $14,000 in ten days, dropping from $81,000 to below $67,000 due to weakening demand for risk assets and industry-specific factors.
Institutional demand for Bitcoin ETFs has disappeared, with withdrawals approaching $1.3 billion, while crypto liquidity has dropped significantly, indicating a lack of support for BTC prices.
Rising inflation concerns and negative market sentiment, exacerbated by declines in the technology sector and corporate governance issues at Nvidia, contributed to a sharp decline in Bitcoin and increased selling pressure.