Bitcoin Slides As Uncertainty Takes Over: What Next?

Bitcoin (BTC) has once again fallen to the $63,000 price level after reclaiming $66,000 earlier this month. CoinGecko data shows that BTC’s price has fallen by nearly 3% in the daily and weekly time frames. Despite the correction the asset is still up by 5.6% over the last month. Let’s discuss why Bitcoin (BTC) has faced another price dip and if the asset could recover soon.

Why Is Bitcoin Facing Another Price Dip?

Bitcoin’s (BTC) latest price dip could be due to a slippage from the stock market. AI-based stocks saw a significant sell-off. The trend may have carried over into the cryptocurrency market. AI companies took a hit after South Korea’s SK