3 reasons behind Bitcoin price’s nearly 6% weekly drop
Bitcoin price has dropped nearly $8,000 in a week as shrinking USDT supply, leveraged long liquidations and concerns about the Anthropic IPO weigh on markets.
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Bitcoin
The first and largest cryptocurrency, created in 2009, with a fixed maximum supply and no central issuer.
Its price swings and adoption by funds and companies make it a bellwether for the whole crypto market.
More about BitcoinInitial public offering
The first sale of a private company's shares to the public, after which the shares trade on a stock exchange.
An IPO raises money for the company and lets early owners and investors sell part of their stake.
More about Initial public offeringMore in Markets
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