Bitcoin reached its lowest level since June: $103,539.

Bitcoin Price Decline: Pessimistic Expectations

Bitcoin has fallen to its lowest level since the end of June, influenced by the pessimistic atmosphere among cryptocurrency investors. The uncertainty in the markets is increasing concerns about the future of cryptocurrencies.

Decline Figures and Current Situation

Recently, the price of Bitcoin dropped by 3.1% on Tuesday in New York, falling to $103,539. This is the lowest price level recorded since June 23. Investors do not seem eager for a recovery of Bitcoin and smaller crypto assets.

Negative Developments and Market Sentiment

Cryptocurrencies are exposed to numerous negative developments, such as increasing concerns related to outflows from exchange-traded funds and the sales of digital asset treasury companies. These factors are triggering situations that could further cause Bitcoin to decline.

Investors will pay attention to the fact that Bitcoin's price briefly fell below $100,000 in mid-June. The fluctuations in the cryptocurrency market are affecting the market psychology and trading decisions of investors.