9 billion worth of BTC was traded on crypto exchanges. BTC Dips Below $65,000 - What's Causing the Drop? The recent drop in BTC price can be attributed to several factors. One of the main reasons is the renewed concerns over potential government regulations on cryptocurrencies. There have been reports of countries like China, Turkey, and India considering bans or restrictions on the use of cryptocurrencies. This has caused uncertainty and fear among investors, leading to a sell-off of BTC and other major cryptocurrencies. Impact on Other Cryptocurrencies As BTC is the largest and most popular cryptocurrency, its price movements have a significant impact on other cryptocurrencies. The recent drop in BTC price has also caused a decline in the prices of other major cryptocurrencies such as Ethereum (ETH), Binance Coin (BNB), and Cardano (ADA). However, some altcoins, like Dogecoin (DOGE) and XRP, have managed to maintain their prices despite the BTC dip. Twitter Reacts - #BTC...
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