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Investors selling off in the spot market, futures, and ETFs have pushed Bitcoin down to its lowest point of the month, breaking below $73,000.
Data from CoinMarketCap and TradingView show that Bitcoin's price today is trading around $73,000. Previously, Bitcoin (BTC) briefly dropped sharply to $72,600.
As Bitcoin continuously trades around the $77,000 level, many analysts declared that the downtrend had ended, and the market could enter a super bull cycle. However, current market developments are indicating the opposite trend.