Bitcoin's price has declined today, influenced by several factors:

1. Technical Indicators: A bearish divergence between Bitcoin's rising prices and a declining relative strength index (RSI) on the daily chart suggests weakening upward momentum, often preceding price corrections.

2. Macroeconomic Factors: The Federal Reserve's recent hawkish stance, indicating fewer interest rate cuts in 2025, has impacted investor sentiment, contributing to Bitcoin's price decline.

3. Market Dynamics: Increased selling pressure from large holders, known as "whales," depositing substantial Bitcoin amounts to exchanges can lead to price drops.

These elements, among others, have collectively influenced Bitcoin's price movement today.