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Why is Bitcoin price down today?

By Rony Roy

Bitcoin has fallen more than 6% towards $75,000 on November 6 as a major sell-off in US technology stocks and heavy leveraged liquidations have put renewed pressure on the cryptocurrency market. According to crypto.news data, Bitcoin (BTC) traded at $75,388…

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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.

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Cryptocurrency

A digital currency secured by cryptography and recorded on a blockchain, without a central bank issuing it.

Crypto prices are volatile, and governments are still deciding how to regulate it.

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