Why Bitcoin Price is Down Today?
Outside there are various speculations that can be seen, especially regarding the price of Bitcoin and one of them is the phenomenon of decline.
For example, some of the speculation I've read.
1. The decline in investor interest in crypto could be attributed to several events, including the arrest of the founder of Samourai Wallet.
2. Declining Bitcoin ETF Inflows and Declining Profitability of BTC Miners.
3. Investors are increasingly worried about a global recession, considering that the US Federal Reserve (Fed) is likely to keep interest rates above 5% for longer than previously expected.
These three factors, in my opinion, one of the current situations that allows the influence of the decline on Bitcoin and there are many other cases that can be matched with the current decline in Bitcoin.
But you should stick to your own principles, if you look at the Bitcoin price this year, it hasn't shown any significant movement, my principles and my speculation Bitcoin will experience price increases that are far beyond the minds of investors and Bitcoin users themselves, conclusion: you must have Bitcoin in your wallet.