Crypto
Bitcoin Drops Below $78,000 Amid Macro Pressures and Profit-Taking
Bitcoin's price fell below $78,000 on Tuesday, trading at $77,909.56 on the Binance USDT market.
The decline marks a continued pullback from recent highs, raising questions about short-term support and broader market sentiment.
The sell-off comes amid macroeconomic pressures, including elevated U.S. Treasury yields and a stronger dollar, which often weigh on risk assets like Bitcoin.
On-chain data shows increased exchange inflows, suggesting some holders are moving coins to sell, adding to downward pressure.