• Bitcoin (BTC) price dropped to $67,000 during Asian tradin | Bitcoin & Crypto Trading

• Bitcoin (BTC) price dropped to $67,000 during Asian trading hours on March 15, 2024, a 7% decrease from $70,000.
• The price later recovered to around $68,500.
• Current BTC price is now ~$67,946.02.
• Over $100 million in long positions were wiped out in the last 12 hours, with $167 million liquidated in the last 24 hours.
• The CoinDesk 20 index, measuring the largest and most liquid digital assets, fell by 6%.
• Gold prices and Nasdaq also experienced pressure this week.
• Analysts describe BTC’s pullback as a typical bull breather after sharp uptrends.
• Recent strong U.S. CPI data has cooled expectations of a Fed rate cut, contributing to the drop.
• Uncertainties ahead of next month’s mining reward halving are causing market adjustments.
• QCP Capital expects dips to be fleeting as long as daily BTC spot ETF demand remains strong.
• A prediction market contract on Polymarket gives a 38% chance that BTC will close above $70,000 by noon Friday in the U.S. Eastern Time.

@Bitcoin_Blockchain_Trading