Why Did Bitcoin’s Price Fall Today? Analyzing the Factors

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Bitcoin may drop to $90,000 in the coming weeks after running into resistance at the $105,750 level, among other catalysts.

Bitcoin’s price has dropped by over 6.5% from its new all-time high above $109,000, leading declines across the crypto market.

This comes after US President Trump did not mention Bitcoin or cryptocurrency in his inauguration speech and to issue crypto-related executive orders on his first day in office.

Bitcoin, which recently set a fresh all-time high of $109,020 on Jan. 20, was trading around $101,948 at the time of publication. The BTC/USD pair is down by over 6% over the last 24 hours. 

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