The crypto market has gone through volatile trading lately, with the major cryptos including the Bitcoin price witnessing a sharp decline. Notably, the investors seemed to be trading cautiously amid the macroeconomic concerns while eagerly waiting for the key economic data releases this week before putting further bets into the digital asset space.
Meanwhile, as the market participants are looking for potential reasons behind the recent crypto market selloff and Bitcoin price dip, let’s look at some potential factors triggering the event.
Reasons Behind The Recent Bitcoin Price Dip
Although there could be a flurry of reasons that might be impacting the recent dip in the Bitcoin price, the market pundits have attributed some key factors behind it. Here we explore the potential factors that might have contributed to the recent decline in the Bitcoin price.
Recent DTCC Update Dampens Market Sentiment
A recent statement from the Depository Trust & Clearing Corporation (
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