Bitcoin Price Drops 7% from Peak: US Economic Data and ETF Withdrawals Fuel Decline

Bitcoin (BTC) recently experienced a near 7% pullback from its peak four days ago, sparking curiosity about the underlying causes of this decline. The downturn in Bitcoin, as well as other cryptocurrencies, aligned with the release of non-farm payroll data from the U.S. “The cryptocurrency market experienced significant sell-offs parallel to traditional financial markets,” commented