Why is Bitcoin price down today?

Bitcoin may drop toward $100,000 this week after running into resistance above the $106,000 level, among other catalysts.

Key takeaways:

Bitcoin price fell 1.4% to $102,460 amid US economic concerns, with daily trading volume up 94%, indicating the return of sellers.

Moody’s US credit downgrade to Aa1 and a class-action lawsuit against Strategy add to BTC’s headwinds.

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