Why Bitcoin (BTC) Price Is Down: Dips Below $101K as US Stocks Sink; Miners Tumble

Bitcoin fell below $101,000, barely retaining this level amid a significant decline in risk assets influenced by macroeconomic factors. During the U.S. market hours, BTC had touched $104,000 overnight but reversed course, leading a broader retreat in crypto-related stocks. Analysts noted dwindling hopes for reaching 2025 highs, anticipating that BTC's all-time high could have already been established this year. The Federal Reserve's indications against rate cuts in December further contributed to market sentiment, with major indices, including the Nasdaq and S&P 500, also experiencing drops. Miners, particularly those tied to AI infrastructure, were notably impacted with substantial losses reported for companies like Bitdeer and Bitfarms. The overarching market trend suggests a stronger correlation between crypto prices and traditional finance, marking a shift in how crypto-assets respond to broader economic conditions.

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