Bitcoin recently achieved a record high in prices but soon encountered a significant pullback. This fluctuation in value is attributed to various macroeconomic factors, including inflation concerns and economic policies affecting investor sentiment.
Additionally, an increase in miner sales has contributed to the market pressures. Miners liquidating their holdings put downward pressure on Bitcoin prices as they seek to cover operational costs.
These combined elements create an unstable environment, influencing short-term Bitcoin price volatility in the market.
