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<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/bitcoin-price-drops-after-initial-surge/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Bitcoin Price Drops After Initial Surge</a><br></p>
<p><a href="https://en.coin-turk.com/bitcoin-miners-selling-pressure-a-concerning-trend/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Bitcoin</a> price started the week with a surge above $70,000. Later, things turned around, and the price quickly fell to $67,000. There were speculations about potential drops following the FED’s interest rate decision. The feared drop happened, and Bitcoin started to decline again. So, what caused this drop?</p>
<h2 id="bitcoin-price-falling">Bitcoin Price Falling</h2>
<p>Bitcoin traded at $66,000 for a long time today before it started to drop in the past few minutes. The drop first pulled the price down to $65,700. Then, the decline deepened further. The FED kept the <a href="https://finance.coin-turk.com/" data-wpel-link="exclude" rel="noopener noreferrer nofollow">interest rates</a> unchanged and did not provide information on when a rate cut might occur. After this announcement, there was no significant price movement in BTC.</p>
<p><img decoding="async" class="aligncenter size-full wp-image-375917" src="https://coin-turk.com/wp-content/uploads/2024/07/btc-dusus-coin-turk-com.png" alt="" width="1268" height="65"></p>
<p>Despite this, things quickly changed due to geopolitical events. After Iran’s attack announcement, a noticeable drop in Bitcoin began, and the entire market turned red within minutes.</p>
<h2 id="what-is-bitcoin-s-current-price">What is Bitcoin’s Current Price?</h2>
<p>After the price drop, Bitcoin’s value fell to $64,600. While the price remained at this level, the price movement reflected a 2.25% drop in the last 24 hours. In the week when BTC reached $70,000, the 7-day losses reached 2%, putting investors in a difficult position.</p>
<p>Bitcoin’s market cap also saw a noticeable decline. BTC’s market cap fell to $1.274 trillion. On the other hand, the trading volume dropped by 9.30% to $29.3 billion.</p>
<p>According to Coinmarketcap, the biggest price drop during BTC’s decline was seen in AIOZ coin with a 6.81% drop, bringing its value to $0.578. It was followed by JasmyCoin with a 6.17% drop and a value of $0.02873, and BOME, which made headlines last March, with a 6.20% drop and a value of $0.0111.</p>
<p>While it remains a curiosity where BTC might reach in the coming hours, all eyes seem to be on the next FED meeting.</p>
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/bitcoin-price-drops-after-initial-surge/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Bitcoin Price Drops After Initial Surge</a></h5>
<p>The post <a href="https://en.coin-turk.com/bitcoin-price-drops-after-initial-surge/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Bitcoin Price Drops After Initial Surge</a> appeared first on <a href="https://en.coin-turk.com" data-wpel-link="internal" rel="noopener noreferrer nofollow">COINTURK NEWS</a>.</p>

Bitcoin Price Drops After Initial Surge

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