Why Did Bitcoin (BTC) Price Drop? - 25.07.2024

BTC is among the day's decliners, down 3.21% in the last 24 hours and at the time of writing. Factors such as the sell-off in the US stock markets, the fall in gold and silver prices and the rise in the dollar index (DXY) may be behind this decline. The Nasdaq 100 index suffered its biggest drop since 2022, while jitters in Asian markets may have also negatively affected the price of Bitcoin.