Bitcoin Prices Fall Below $107,000 As Crypto Market Catches Its Breath
Bitcoin prices fell more than 6% on October 22.
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Bitcoin prices experienced a modest drop on Wednesday, October 22, declining below $107,000 after rising to more than $114,000 the day before.
“Bitcoin’s drop is the market catching its breath after a wild run,” Maja Vujinovic, CEO and cofounder of digital assets at FG Nexus, stated via email.
“Traders took profits, leverage got flushed out, and fears over Trump’s new China tariffs plus MicroStrategy’s huge Bitcoin bets made everyone more cautious,” she stated. “Add a sudden gold sell-off and you get a global risk-off chain reaction.”
“In simple terms: Bitcoin didn’t fall because people lost faith, it fell because it’s now tied to everything from politics to…
