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Bitcoin Price Update: BTC Falls to $93K Amid Profit-Taking and Macroeconomic Concerns

  • Bitcoin faces resistance as it flips an old support level, indicating a prolonged correction.
  • BTC price declined by 2.8% in the last 30 days, while Ethereum, Solana, Dogecoin, and Cardano also saw declines.
  • Crypto-related stocks, including MicroStrategy, Coinbase, MARA Holdings, and Riot Platforms, also experienced declines.
  • Bearish factors include profit-taking after reaching an all-time high, low U.S. Chicago PMI reading, and uncertainty around Federal Reserve interest rates policy.

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