Bitcoin lost some of its value on September 30. It went down by 4.1%, which means if you had 100 of these coins, you’d have fewer now. It tried to be worth more, but it didn’t happen. Even though some people lost money, the ones who were really into Bitcoin expected this to happen. But why did this happen?

Will Bitcoin Rebound Soon?

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• Bitcoin Price Fall: Bitcoin’s value dropped by 4.1% on September 30, hitting the $63,500 support level due to economic uncertainties.
• Economic Concerns: Worries about the U.S. economy and potential issues in the AI sector are pushing investors to look for safer investments.
• Global Economic Struggles: Economic problems in Europe and increased tensions in the Middle East add to global market concerns, impacting Bitcoin’s performance.

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Why Is Bitcoin Losing Value?

In the United States, people are worried about money and jobs, which makes Bitcoin less valuable. Influential people in the money world, like Jerome Powell, are talking about the future of money, and people are listening closely. Some experts think that the people who sell cool computer things (like in the world of AI, which is like super-smart computers) might be asking too much money. This can make people nervous and want to keep their money safe, so they buy Bitcoin less.

What’s Happening in Other Parts of the World?

In Europe, things could be better with money, too. Big car companies like Stellantis and Volkswagen are also worried and trying to save money. In Germany, they might not make more money next year because of some problems with gas and not selling enough things to China. Even in the UK, increasing house prices makes people think money might get weird.

There’s some fighting in the Middle East, which could raise the price of oil. If oil costs more, everything else might cost more, too, and that’s not good for money. This makes people worried and less likely to buy Bitcoin.

Why Are People Not Buying Bitcoin?

All these money worries worldwide make people not want to take risks. They don’t buy Bitcoin because they think keeping their money elsewhere is safer. But if things get better, Bitcoin might be worth more again someday.

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