Bitcoin has experienced a notable 6% decline over the last 24 hours, dropping to $55,746. This significant drop has prompted extensive analysis of the factors contributing to the downturn.
One of the primary reasons identified is the current economic turmoil, which is affecting investor confidence across various sectors, including cryptocurrencies.
Additionally, the market's bearish trends have been exacerbated by concerns surrounding an ongoing AI chip investigation, further influencing the sentiment among investors.
