Why Is Bitcoin Price Dropping Today?

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Bitcoin may drop toward the range low at $78,200 range in the coming days if it loses the key support provided by the 200-day EMA trendline.

Bitcoin’s price has dropped by over 5% over the last 24 hours to $88,100 after President Donald Trump’s US Strategic Bitcoin Reserve failed to meet expectations.

Bitcoin’s drawdown follows US President Donald Trump’s announcement for a Strategic Bitcoin Reserve.

More outflows from spot Bitcoin ETFs.

Bitcoin price must hold above a key support area to avoid a deeper correction.

Bitcoin Strategic Reserve falls short of expectations

Bitcoin and the collective crypto market reacted negatively to US President Trump’s directive to establish a Bitcoin reserve and set up a separate crypto stockpile.


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