Bitcoin Drops Below $78,000: What’s Driving the Sell-Off?

BitcoinWorld Bitcoin Drops Below $78,000: What’s Driving the Sell-Off? Bitcoin (BTC) fell below the $78,000 mark on Tuesday, trading at $77,909.56 on the Binance USDT market, according to Bitcoin World market monitoring.

The decline marks a continued pullback from recent highs, raising questions about short-term support and broader market sentiment. Market Context: Why Is Bitcoin Falling? The latest drop comes amid a mix of macroeconomic pressures and crypto-specific factors. U.S.

Treasury yields have remained elevated, and the dollar index has firmed, which often weighs on risk assets like Bitcoin. Additionally, on-chain data shows increased exchange inflows, suggesting some holders are moving coins to sell, adding to downward pressure.

Bitcoin’s slide also follows a period of high volatility linked to regulatory news and shifting liquidity conditions. While the asset has seen sharp recoveries in the past, traders are watching key support levels closely.