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Bitcoin Price: What BTC Investors Are Saying About the Crypto Today

The price of Bitcoin (CCC:BTC-USD) is dipping lower on Monday and traders are reacting to the fall on social media.

A concept image of a flaming skeleton with BTC tokens in its hand.

Source: Shutterstock

Bitcoin and other cryptos are seeing price drops lately as the space has remained in a bear market. The price of BTC peaked back in April at about $64,000. However, it’s been falling since the following month and is now trading closer to $30,000 per token.

A slew of negative news has been behind the fall in price for Bitcoin. That includes extra regulations from China, the U.S. government recovering BTC from hackers, as well as Tesla (NASDAQ:TSLA) dropping support for it as a form of payment.

Of course, it’s not all bad news. Some crypto experts are predicting that BTC will reach a value of $66,000 by the time 2021 comes to a close. They also believe it will beat out the U.S. dollar as the dominant currency by 2050.

Keeping all of these factors in mind, let’s take a look at what crypto traders have to say about the price of Bitcoin today.

Bitcoin Price: What Crypto Traders Are Saying Today

BTC was down 3.1% over a 24-hour period as of Monday morning but is still up 7.5% since the start of the year.

Traders looking for more crypto news today will want to stick around!

InvestorPlace offers daily coverage of the crypto market with looks at some of the biggest names in the business. That includes an upgrade for Ethereum Classic (CCC:ETC-USD), a breakdown of Polygon (CCC:MATIC-USD) for investors, as well as a deep dive into Algorand (CCC:ALGO-USD). You can find all of this info by following the links below!

More Crypto News for Monday

On the date of publication, William White did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.

Article printed from InvestorPlace Media, https://investorplace.com/2021/07/bitcoin-price-what-btc-investors-are-saying-about-the-crypto-today/.

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