Bitcoin Plunges Below $77k Amid Profit-Taking and Macro Concerns

Bitcoin's price has fallen below $77,000, trading at $76,996.84 on Binance's USDT market.

This decline marks a notable pullback from recent highs and raises questions among traders about the sustainability of the current market cycle.

The drop is attributed to a mix of profit-taking, macroeconomic concerns, and technical selling pressure after Bitcoin failed to hold key support levels.

The next major support for Bitcoin lies around $75,000, with $72,000 as a potential target if selling continues.