Bitcoin's price has dropped by 4.78% today, primarily due to intensified selling pressure from institutional investors and broader market corrections. The recent announcement of the largest monthly outflows from Bitcoin spot ETFs, totaling around $2.3 billion, alongside fears of renewed US tariff implementations and tighter monetary policy from the Federal Reserve, has led to a bearish sentiment in the market. This combination of factors has overshadowed any positive news from events like the Strategic Bitcoin Reserve and Crypto Summit, contributing to the overall decline in Bitcoin's value.
