Bitcoin

▪️ Bitcoin price fell due to significant selling pressure from Mt. Gox repayments and the German government's Bitcoin movements.

▪️ Bitcoin ETFs experienced substantial outflows, with $1.12 billion in withdrawals over 14 days.

▪️ Stronger US dollar and higher interest rate expectations reduced the appeal of riskier assets like Bitcoin.

▪️ Over $119 million in Bitcoin long positions were liquidated, contributing to the price drop.

▪️ Increased Bitcoin reserves on exchanges indicate heightened selling activity. 

For more details, visit [Cointelegraph](https://cointelegraph.com/news/why-is-bitcoin-price-down-today).