In recent times, global markets have witnessed a sell-off, and Bitcoin is now under pressure as well. On Tuesday, Bitcoin’s price fell drastically below $72,877. This was the lowest price Bitcoin has reached since November 2024. Last time it touched $72,884.38 on November 6, 2024, and back then Bitcoin traded at $68,898. The global uncertainties are to blame.Additionally, delayed U.S. data, unclear crypto regulations, and general market fear added to investors’ stress. However, the experts remain positive about the decline. They affirm that this is normal and that the long-term outlook remains favourable. What, precisely, do the experts believe? Is everything bad for crypto? For all that, learn more. Imgae Creidts – CNBCBitcoin Price Drop on Tuesday (February 3, 2025)On Tuesday, Bitcoin was down more than 6%, and it worried investors. Later in the day (precisely at 5:25 p.m. ET), it recovered a bit and was trading at $75,658.95. However, the recovery pushed the price by 3%. Therefore, the tension still lingered. Crypto-related companies are taking the impact of the fall. Strategy, a company that holds a lot of Bitcoin, took a 4% sharp drop during the trading session. Overall, Bitcoin is down 16% so far this year. However, this decline is… Read MoreStartupTalky- Business News, Insights and Stories
