Bitcoin has experienced a seven-week-long drop in price, resulting in a loss of about 30% of its value. This decline has also affected other cryptocurrencies, with Ethereum, Solana, and Dogecoin experiencing significant losses. The slump in Bitcoin's price began when key stakeholders started taking profits in mid-February, leading to increased sell-offs. Investor sentiment has also changed, with bearish projections and many retail investors selling at a loss. Macro-economic uncertainty and concerns over regulatory implementations have further weighed down on the cryptocurrency market. Bitcoin is currently priced at around $77,200, and there are predictions that it may fall further. However, some traders see this as an opportunity to buy the dip.



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