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You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/bitcoin-faces-a-new-day-of-losses-as-investors-worry/" data-wpel-link="internal">Bitcoin Faces a New Day of Losses as Investors Worry</a> 
<a href="https://en.coin-turk.com/exploring-the-crypto-landscape-in-2024-trends-and-key-players/" data-wpel-link="internal">Cryptocurrency</a> investors are facing another frustrating day as <a href="https://coin-turk.com/bitcoin-yatirimcilara-ters-kose-yapabilir-mi-btc-icin-kritik-hafta" data-wpel-link="internal">BTC</a> sets a 24-hour low at $65,800. Losses could deepen as Asian investors wake up to such sell-offs, which could lead to even greater losses in the coming hours. So, what’s causing this drop? Should investors be worried? 
<h2 style="text-align: justify" id="why-is-bitcoin-falling">Why Is Bitcoin Falling?</h2> 
The king cryptocurrency fell to $65,804 about an hour and a half after the daily close. Although it struggled to surpass $68,000 at the daily close, bulls faced sell-offs from overly profitable investors. This situation also triggered abnormal prices in the last few hours. For example, 3 hours ago on the BitMex exchange, 400 BTC were sold within 2 hours. With a price drop exceeding 50%, BTC momentarily spiked down to $38,200 in the USDT pair. 
<img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-329953 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/03/Bitcoin-38.200-Dolar.jpg" alt="" width="1888" height="677"> 
The investor who triggered this drop nearly lost $4 million. Additionally, $257 million worth of long positions were liquidated in the last 24 hours. The most significant event increasing anxiety for <a href="https://coin-turk.com/bitcoin-balinalari-yakalandi-milyonlarca-dolarlik-btc-aktarildi" data-wpel-link="internal">Bitcoin</a> is the upcoming Federal Reserve meeting on Wednesday. The latest inflation data was also disappointing, and with the Fed members’ 2-year interest rate forecasts to be announced, we could see upward revisions putting more pressure on the markets. 
<a href="https://en.coin-turk.com/el-salvador-to-continue-using-bitcoin-as-legal-tender-during-president-bukeles-second-term/" data-wpel-link="internal">Bitcoin</a> is at a critical region, as previously mentioned, at $65,830, and a loss here could lead to a gradual decline down to $59,000. As of writing, the price has breached the 20-day EMA and started to recover, but a downward break could be seen in the coming hours. Some altcoins (for example, <a href="https://en.coin-turk.com/anticipated-upgrade-completed-on-popular-altcoin/" data-wpel-link="internal">CHZ</a>, SHIB, DOGE) are nearing 10% losses. 
<h5>The post first appeared on COINTURK NEWS: <a href="https://en.coin-turk.com/bitcoin-faces-a-new-day-of-losses-as-investors-worry/" data-wpel-link="internal">Bitcoin Faces a New Day of Losses as Investors Worry</a></h5>

Bitcoin Faces a New Day of Losses as Investors Worry

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