{"id":651260,"date":"2024-11-02T18:00:08","date_gmt":"2024-11-02T18:00:08","guid":{"rendered":"https:\/\/uniquehot.com\/?p=651260"},"modified":"2024-11-02T10:03:54","modified_gmt":"2024-11-02T10:03:54","slug":"analyst-reveals-why-bitcoin-price-crashed-from-73000-to-69000","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/analyst-reveals-why-bitcoin-price-crashed-from-73000-to-69000\/","title":{"rendered":"Analyst Reveals Why Bitcoin Price Crashed From $73,000 To $69,000"},"content":{"rendered":"

November began with an unexpected downturn in the crypto market as Bitcoin, which had gone on a bull run in the last week of October, rapidly lost its momentum. <\/span><\/p>\n

The highly anticipated “Moonvember” kicked off with an unexpected crash, plummeting <\/span>from $73,000 on October 31<\/span><\/a> to $69,000 on November 1 to essentially wipe out <\/span>$296 million in liquidations<\/span><\/a>, with the majority of them being long positions. Despite the bulls <\/span>managing to steady a Bitcoin price support<\/span><\/a> at $69,000, the rapid downturn stirred questions among many crypto traders.<\/span><\/p>\n

Related Reading: Ethereum Claims Address Dominance With 43% Lead\u2014Will It Keep Rising?<\/a><\/div>\n

According to crypto expert Ash Crypto on social media platform X, this quick crash in the Bitcoin price can be attributed to four major factors.\u00a0<\/span><\/p>\n

Key Reasons Behind Bitcoin\u2019s Price Drop<\/b><\/h2>\n

According to Ash Crypto, the recent Bitcoin price isn\u2019t a straightforward result of crypto-specific events but rather a reflection of the <\/span>broader economic landscape<\/span><\/a>. As he noted, there are currently multiple reports suggesting that Iran may be planning a military action against Israel from Iraqi territory. The potential escalation of conflict in the region seemed to have created uncertainty among Bitcoin investors, and many might have opted to exit from the markets.<\/span><\/p>\n

“As we all know, war is bad for Bitcoin and crypto,” <\/span>the analyst <\/span>said<\/span><\/a>.<\/span><\/p>\n

Aside from the brewing conflict, Ash Crypto also highlighted the recent earnings reports from tech giants as another factor in the Bitcoin price crash. Major tech companies like Microsoft and Meta recently posted earnings reports that, despite beating expectations, showed rising AI-related costs. This led to a downturn in many other tech stocks, which spilled over to other financial markets, including the crypto industry.<\/span><\/p>\n

Another factor Ash Crypto highlighted is the recent climb in US Treasury\u2019s bond yields, specifically the 10-year note, which is now trading above 4.3%. Higher yields make government bonds a more attractive alternative, making investors less likely to invest in more volatile assets like cryptocurrencies.\u00a0\u00a0<\/span><\/p>\n

Bitcoin is now trading at $69,604. Chart:: TradingView<\/a><\/figcaption><\/figure>\n

Lastly, the latest Core Personal Consumption Expenditures (PCE) reading increased slightly above 2.7%. Ash Crypto noted that this rise in core inflation could push the Federal Reserve toward a more hawkish stance. This could lead to the Fed adopting higher interest rates or delaying rate cuts. Both scenarios could dampen demand for Bitcoin, which thrives in low interest rates, as shown by the September 18 interest rate cut.<\/span><\/p>\n

Looking Ahead: What\u2019s Next For Bitcoin?<\/b><\/b><\/h2>\n

Like <\/span>many other crypto analysts,<\/span><\/a> Ash Crypto remains confident that Bitcoin\u2019s latest dip is only temporary. He drew parallels to <\/span>October\u2019s initial market dip<\/span><\/a>, while anticipating that November, or “Moonvember,” <\/span>will follow a similar trajectory<\/span><\/a>. Interestingly, the analyst believes Bitcoin still has the momentum and market interest needed to push past $80,000 before the end of November.<\/span><\/p>\n

Related Reading: Bitcoin Breaks $73,000, Yet Google Searches Stay Stagnant\u2014Is Hype Fading?<\/a><\/div>\n

At the time of writing, Bitcoin is trading at $69,678 and is up by 4% in the past 24 hours.<\/span><\/p>\n

Featured image from Pexels, chart from TradingView<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

November began with an unexpected downturn in the crypto market as Bitcoin, which had gone on a bull run in the last week of October, rapidly lost its momentum. The highly anticipated “Moonvember” kicked off with an unexpected crash, plummeting from $73,000 on October 31 to $69,000 on November 1 to essentially wipe out $296 million in liquidations, with the majority of them being long positions. Despite the bulls managing to steady a Bitcoin price support at $69,000, the rapid downturn stirred questions among many crypto traders. Related Reading: Ethereum Claims Address Dominance With 43% Lead\u2014Will It Keep Rising? According to crypto expert Ash Crypto on social media platform X, this quick crash in the Bitcoin price can be attributed to four major factors.\u00a0 Key Reasons Behind Bitcoin\u2019s Price Drop According to Ash Crypto, the recent Bitcoin price isn\u2019t a straightforward result of crypto-specific events but rather a reflection of the broader economic landscape. As he noted, there are currently multiple reports suggesting that Iran may be planning a military action against Israel from Iraqi territory. The potential escalation of conflict in the region seemed to have created uncertainty among Bitcoin investors, and many might have opted to exit from the markets. “As we all know, war is bad for Bitcoin and crypto,” the analyst said. Aside from the brewing conflict, Ash Crypto also highlighted the recent earnings reports from tech giants as another factor in the Bitcoin price crash. Major tech companies like Microsoft and Meta recently posted earnings reports that, despite beating expectations, showed rising AI-related costs. This led to a downturn in many other tech stocks, which spilled over to other financial markets, including the crypto industry. Another factor Ash Crypto highlighted is the recent climb in US Treasury\u2019s bond yields, specifically the 10-year note, which is now trading above 4.3%. Higher yields make government bonds a more attractive alternative, making investors less likely to invest in more volatile assets like cryptocurrencies.\u00a0\u00a0 Lastly, the latest Core Personal Consumption Expenditures (PCE) reading increased slightly above 2.7%. Ash Crypto noted that this rise in core inflation could push the Federal Reserve toward a more hawkish stance. This could lead to the Fed adopting higher interest rates or delaying rate cuts. Both scenarios could dampen demand for Bitcoin, which thrives in low interest rates, as shown by the September 18 interest rate cut. Looking Ahead: What\u2019s Next For Bitcoin? Like many other crypto analysts, Ash Crypto remains confident that Bitcoin\u2019s latest dip is only temporary. He drew parallels to October\u2019s initial market dip, while anticipating that November, or “Moonvember,” will follow a similar trajectory. Interestingly, the analyst believes Bitcoin still has the momentum and market interest needed to push past $80,000 before the end of November. Related Reading: Bitcoin Breaks $73,000, Yet Google Searches Stay Stagnant\u2014Is Hype Fading? At the time of writing, Bitcoin is trading at $69,678 and is up by 4% in the past 24 hours. Featured image from Pexels, chart from TradingView<\/p>\n","protected":false},"author":594,"featured_media":651266,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[428,1119,1144,6664,3504],"class_list":["post-651260","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bitcoin","tag-btc","tag-btcusd","tag-crypto","tag-price"],"acf":[],"yoast_head":"\nExpert Analyst Reveals Why The Bitcoin Price Crashed From $73,000 To $69,000<\/title>\n<meta name=\"description\" content=\"November began with an unexpected downturn in the crypto market as Bitcoin, which had gone on a bull run in the last week of October, rapidly lost its\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/uniquehot.com\/news\/analyst-reveals-why-bitcoin-price-crashed-from-73000-to-69000\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Expert Analyst Reveals Why The Bitcoin Price Crashed From $73,000 To $69,000\" \/>\n<meta property=\"og:description\" content=\"November began with an unexpected downturn in the crypto market as Bitcoin, which had gone on a bull run in the last week of October, rapidly lost its\" \/>\n<meta property=\"og:url\" content=\"https:\/\/uniquehot.com\/news\/analyst-reveals-why-bitcoin-price-crashed-from-73000-to-69000\/\" \/>\n<meta property=\"og:site_name\" content=\"NewsBTC\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/newsbtc\" \/>\n<meta property=\"article:published_time\" content=\"2024-11-02T18:00:08+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-11-02T10:03:54+00:00\" \/>\n<meta name=\"author\" content=\"Scott Matherson\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/11\/a_5a0636.jpg?fit=6000%2C4000\" \/>\n<meta name=\"twitter:creator\" content=\"@https:\/\/twitter.com\/MathersonScott\" \/>\n<meta name=\"twitter:site\" content=\"@newsbtc\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Scott Matherson\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/uniquehot.com\/news\/analyst-reveals-why-bitcoin-price-crashed-from-73000-to-69000\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/uniquehot.com\/news\/analyst-reveals-why-bitcoin-price-crashed-from-73000-to-69000\/\"},\"author\":{\"name\":\"Scott Matherson\",\"@id\":\"https:\/\/uniquehot.com\/#\/schema\/person\/b728e21249a8147d980445b0ee98f18d\"},\"headline\":\"Analyst Reveals Why Bitcoin Price Crashed From $73,000 To $69,000\",\"datePublished\":\"2024-11-02T18:00:08+00:00\",\"dateModified\":\"2024-11-02T10:03:54+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/uniquehot.com\/news\/analyst-reveals-why-bitcoin-price-crashed-from-73000-to-69000\/\"},\"wordCount\":509,\"publisher\":{\"@id\":\"https:\/\/uniquehot.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/uniquehot.com\/news\/analyst-reveals-why-bitcoin-price-crashed-from-73000-to-69000\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/11\/a_5a0636.jpg?fit=6000%2C4000\",\"keywords\":[\"bitcoin\",\"btc\",\"btcusd\",\"crypto\",\"price\"],\"articleSection\":[\"Cryptocurrency Market News\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2024\",\"copyrightHolder\":{\"@id\":\"https:\/\/uniquehot.com\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/uniquehot.com\/news\/analyst-reveals-why-bitcoin-price-crashed-from-73000-to-69000\/\",\"url\":\"https:\/\/uniquehot.com\/news\/analyst-reveals-why-bitcoin-price-crashed-from-73000-to-69000\/\",\"name\":\"Expert Analyst Reveals Why The Bitcoin Price Crashed From $73,000 To $69,000\",\"isPartOf\":{\"@id\":\"https:\/\/uniquehot.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/uniquehot.com\/news\/analyst-reveals-why-bitcoin-price-crashed-from-73000-to-69000\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/uniquehot.com\/news\/analyst-reveals-why-bitcoin-price-crashed-from-73000-to-69000\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/11\/a_5a0636.jpg?fit=6000%2C4000\",\"datePublished\":\"2024-11-02T18:00:08+00:00\",\"dateModified\":\"2024-11-02T10:03:54+00:00\",\"description\":\"November began with an unexpected downturn in the crypto market as Bitcoin, which had gone on a bull run in the last week of October, rapidly lost its\",\"breadcrumb\":{\"@id\":\"https:\/\/uniquehot.com\/news\/analyst-reveals-why-bitcoin-price-crashed-from-73000-to-69000\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/uniquehot.com\/news\/analyst-reveals-why-bitcoin-price-crashed-from-73000-to-69000\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/uniquehot.com\/news\/analyst-reveals-why-bitcoin-price-crashed-from-73000-to-69000\/#primaryimage\",\"url\":\"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/11\/a_5a0636.jpg?fit=6000%2C4000\",\"contentUrl\":\"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/11\/a_5a0636.jpg?fit=6000%2C4000\",\"width\":6000,\"height\":4000,\"caption\":\"Bitcoin\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/uniquehot.com\/news\/analyst-reveals-why-bitcoin-price-crashed-from-73000-to-69000\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/uniquehot.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Analyst Reveals Why Bitcoin Price Crashed From $73,000 To $69,000\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/uniquehot.com\/#website\",\"url\":\"https:\/\/uniquehot.com\/\",\"name\":\"NewsBTC\",\"description\":\"Bitcoin & Cryptocurrency News Today\",\"publisher\":{\"@id\":\"https:\/\/uniquehot.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/uniquehot.com\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/uniquehot.com\/#organization\",\"name\":\"NewsBTC\",\"url\":\"https:\/\/uniquehot.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/uniquehot.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46\",\"contentUrl\":\"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46\",\"width\":157,\"height\":46,\"caption\":\"NewsBTC\"},\"image\":{\"@id\":\"https:\/\/uniquehot.com\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/newsbtc\",\"https:\/\/x.com\/newsbtc\",\"https:\/\/www.youtube.com\/channel\/UC9v9erBEru5y4c3FA0wehEw\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/uniquehot.com\/#\/schema\/person\/b728e21249a8147d980445b0ee98f18d\",\"name\":\"Scott Matherson\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/uniquehot.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/3d21ae3d2529ce2df4466b61ea80b449?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/3d21ae3d2529ce2df4466b61ea80b449?s=96&d=mm&r=g\",\"caption\":\"Scott Matherson\"},\"description\":\"Scott Matherson is a prominent crypto writer at NewsBTC with a knack for capturing the pulse of the market, covering pivotal shifts, technological advancements, and regulatory changes with precision. Having witnessed the evolving landscape of the crypto world firsthand, Scott is able to dissect complex crypto topics and present them in an accessible and engaging manner. Scott's dedication to clarity and accuracy has made him an indispensable asset, helping to demystify the complex world of cryptocurrency for countless readers. Scott\u2019s experience spans a number of industries outside of crypto including banking and investment. He has brought his vast experience from these industries into crypto, which allows him to understand even the most complex topics and break them down in a way that is easy for readers from all works of life to understand. Scott\u2019s pieces have helped to break down cryptocurrency processes and how they work, as well as the underlying groundbreaking technology that makes them so important to everyday life. With years of experience in the crypto market, Scott began to focus on his true passion: writing. During this time, Scott has been able to author countless influential pieces that have drawn in millions of readers and have shaped public opinion across various important topics. His repertoire spans hundreds of articles on various sectors in the crypto industry, including decentralized finance (DeFi), decentralized exchanges (DEXes), Staking, Liquid Staking, emerging technologies, and non-fungible tokens (NFTs), among others. Scott\u2019s influence is not just limited to the countless discussions that his publications have sparked but also as a consultant for major projects in the space. He has consulted on issues ranging from crypto regulations to new technology deployment. Scott\u2019s expertise also spans community building and contributes to a number of causes to further the development of the crypto industry. Scott is an advocate for sustainable practices within the crypto industry and has championed discussions around green blockchain solutions. His ability to keep in line with market trends has made his work a favorite among crypto investors. In his personal life, Scott is an avid traveler and his exposure to the world and various way of life has helped him to understand how important technologies like the blockchain and cryptocurrencies are. This has been key in his understanding of its global impact, as well as his ability to connect socio-economic developments to technological trends around the globe like no one else. Scott is known for his work in community education to help people understand crypto technology and how its existence impacts their lives. He is a well-respected figure in his community, known for his work in helping to enlighten and inspire the next generation as they channel their energies into pressing issues. His work is a testament to his dedication and commitment to education and innovation, as well as the promotion of ethical practices in the rapidly developing world of cryptocurrencies. Scott stands steady in the frontlines of the crypto revolution and is committed to helping to shape a future that promotes the development of technology in an ethical manner that translates to the benefit of all in the society.\",\"sameAs\":[\"https:\/\/x.com\/https:\/\/twitter.com\/MathersonScott\"],\"url\":\"https:\/\/uniquehot.com\/author\/mathersonscott1\/\"}]}<\/script>\n","yoast_head_json":{"title":"Expert Analyst Reveals Why The Bitcoin Price Crashed From $73,000 To $69,000","description":"November began with an unexpected downturn in the crypto market as Bitcoin, which had gone on a bull run in the last week of October, rapidly lost its","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/uniquehot.com\/news\/analyst-reveals-why-bitcoin-price-crashed-from-73000-to-69000\/","og_locale":"en_US","og_type":"article","og_title":"Expert Analyst Reveals Why The Bitcoin Price Crashed From $73,000 To $69,000","og_description":"November began with an unexpected downturn in the crypto market as Bitcoin, which had gone on a bull run in the last week of October, rapidly lost its","og_url":"https:\/\/uniquehot.com\/news\/analyst-reveals-why-bitcoin-price-crashed-from-73000-to-69000\/","og_site_name":"NewsBTC","article_publisher":"https:\/\/www.facebook.com\/newsbtc","article_published_time":"2024-11-02T18:00:08+00:00","article_modified_time":"2024-11-02T10:03:54+00:00","author":"Scott Matherson","twitter_card":"summary_large_image","twitter_image":"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/11\/a_5a0636.jpg?fit=6000%2C4000","twitter_creator":"@https:\/\/twitter.com\/MathersonScott","twitter_site":"@newsbtc","twitter_misc":{"Written by":"Scott Matherson","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"NewsArticle","@id":"https:\/\/uniquehot.com\/news\/analyst-reveals-why-bitcoin-price-crashed-from-73000-to-69000\/#article","isPartOf":{"@id":"https:\/\/uniquehot.com\/news\/analyst-reveals-why-bitcoin-price-crashed-from-73000-to-69000\/"},"author":{"name":"Scott Matherson","@id":"https:\/\/uniquehot.com\/#\/schema\/person\/b728e21249a8147d980445b0ee98f18d"},"headline":"Analyst Reveals Why Bitcoin Price Crashed From $73,000 To $69,000","datePublished":"2024-11-02T18:00:08+00:00","dateModified":"2024-11-02T10:03:54+00:00","mainEntityOfPage":{"@id":"https:\/\/uniquehot.com\/news\/analyst-reveals-why-bitcoin-price-crashed-from-73000-to-69000\/"},"wordCount":509,"publisher":{"@id":"https:\/\/uniquehot.com\/#organization"},"image":{"@id":"https:\/\/uniquehot.com\/news\/analyst-reveals-why-bitcoin-price-crashed-from-73000-to-69000\/#primaryimage"},"thumbnailUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/11\/a_5a0636.jpg?fit=6000%2C4000","keywords":["bitcoin","btc","btcusd","crypto","price"],"articleSection":["Cryptocurrency Market News"],"inLanguage":"en-US","copyrightYear":"2024","copyrightHolder":{"@id":"https:\/\/uniquehot.com\/#organization"}},{"@type":"WebPage","@id":"https:\/\/uniquehot.com\/news\/analyst-reveals-why-bitcoin-price-crashed-from-73000-to-69000\/","url":"https:\/\/uniquehot.com\/news\/analyst-reveals-why-bitcoin-price-crashed-from-73000-to-69000\/","name":"Expert Analyst Reveals Why The Bitcoin Price Crashed From $73,000 To $69,000","isPartOf":{"@id":"https:\/\/uniquehot.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/uniquehot.com\/news\/analyst-reveals-why-bitcoin-price-crashed-from-73000-to-69000\/#primaryimage"},"image":{"@id":"https:\/\/uniquehot.com\/news\/analyst-reveals-why-bitcoin-price-crashed-from-73000-to-69000\/#primaryimage"},"thumbnailUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/11\/a_5a0636.jpg?fit=6000%2C4000","datePublished":"2024-11-02T18:00:08+00:00","dateModified":"2024-11-02T10:03:54+00:00","description":"November began with an unexpected downturn in the crypto market as Bitcoin, which had gone on a bull run in the last week of October, rapidly lost its","breadcrumb":{"@id":"https:\/\/uniquehot.com\/news\/analyst-reveals-why-bitcoin-price-crashed-from-73000-to-69000\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/uniquehot.com\/news\/analyst-reveals-why-bitcoin-price-crashed-from-73000-to-69000\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/uniquehot.com\/news\/analyst-reveals-why-bitcoin-price-crashed-from-73000-to-69000\/#primaryimage","url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/11\/a_5a0636.jpg?fit=6000%2C4000","contentUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/11\/a_5a0636.jpg?fit=6000%2C4000","width":6000,"height":4000,"caption":"Bitcoin"},{"@type":"BreadcrumbList","@id":"https:\/\/uniquehot.com\/news\/analyst-reveals-why-bitcoin-price-crashed-from-73000-to-69000\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/uniquehot.com\/"},{"@type":"ListItem","position":2,"name":"Analyst Reveals Why Bitcoin Price Crashed From $73,000 To $69,000"}]},{"@type":"WebSite","@id":"https:\/\/uniquehot.com\/#website","url":"https:\/\/uniquehot.com\/","name":"NewsBTC","description":"Bitcoin & Cryptocurrency News Today","publisher":{"@id":"https:\/\/uniquehot.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/uniquehot.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/uniquehot.com\/#organization","name":"NewsBTC","url":"https:\/\/uniquehot.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/uniquehot.com\/#\/schema\/logo\/image\/","url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46","contentUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46","width":157,"height":46,"caption":"NewsBTC"},"image":{"@id":"https:\/\/uniquehot.com\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/newsbtc","https:\/\/x.com\/newsbtc","https:\/\/www.youtube.com\/channel\/UC9v9erBEru5y4c3FA0wehEw"]},{"@type":"Person","@id":"https:\/\/uniquehot.com\/#\/schema\/person\/b728e21249a8147d980445b0ee98f18d","name":"Scott Matherson","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/uniquehot.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/3d21ae3d2529ce2df4466b61ea80b449?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/3d21ae3d2529ce2df4466b61ea80b449?s=96&d=mm&r=g","caption":"Scott Matherson"},"description":"Scott Matherson is a prominent crypto writer at NewsBTC with a knack for capturing the pulse of the market, covering pivotal shifts, technological advancements, and regulatory changes with precision. Having witnessed the evolving landscape of the crypto world firsthand, Scott is able to dissect complex crypto topics and present them in an accessible and engaging manner. Scott's dedication to clarity and accuracy has made him an indispensable asset, helping to demystify the complex world of cryptocurrency for countless readers. Scott\u2019s experience spans a number of industries outside of crypto including banking and investment. He has brought his vast experience from these industries into crypto, which allows him to understand even the most complex topics and break them down in a way that is easy for readers from all works of life to understand. Scott\u2019s pieces have helped to break down cryptocurrency processes and how they work, as well as the underlying groundbreaking technology that makes them so important to everyday life. With years of experience in the crypto market, Scott began to focus on his true passion: writing. During this time, Scott has been able to author countless influential pieces that have drawn in millions of readers and have shaped public opinion across various important topics. His repertoire spans hundreds of articles on various sectors in the crypto industry, including decentralized finance (DeFi), decentralized exchanges (DEXes), Staking, Liquid Staking, emerging technologies, and non-fungible tokens (NFTs), among others. Scott\u2019s influence is not just limited to the countless discussions that his publications have sparked but also as a consultant for major projects in the space. He has consulted on issues ranging from crypto regulations to new technology deployment. Scott\u2019s expertise also spans community building and contributes to a number of causes to further the development of the crypto industry. Scott is an advocate for sustainable practices within the crypto industry and has championed discussions around green blockchain solutions. His ability to keep in line with market trends has made his work a favorite among crypto investors. In his personal life, Scott is an avid traveler and his exposure to the world and various way of life has helped him to understand how important technologies like the blockchain and cryptocurrencies are. This has been key in his understanding of its global impact, as well as his ability to connect socio-economic developments to technological trends around the globe like no one else. Scott is known for his work in community education to help people understand crypto technology and how its existence impacts their lives. He is a well-respected figure in his community, known for his work in helping to enlighten and inspire the next generation as they channel their energies into pressing issues. His work is a testament to his dedication and commitment to education and innovation, as well as the promotion of ethical practices in the rapidly developing world of cryptocurrencies. Scott stands steady in the frontlines of the crypto revolution and is committed to helping to shape a future that promotes the development of technology in an ethical manner that translates to the benefit of all in the society.","sameAs":["https:\/\/x.com\/https:\/\/twitter.com\/MathersonScott"],"url":"https:\/\/uniquehot.com\/author\/mathersonscott1\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Analyst Reveals Why Bitcoin Price Crashed From $73,000 To $69,000","url":"http:\/\/uniquehot.com\/news\/analyst-reveals-why-bitcoin-price-crashed-from-73000-to-69000\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/uniquehot.com\/news\/analyst-reveals-why-bitcoin-price-crashed-from-73000-to-69000\/"},"thumbnailUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/11\/a_5a0636.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/11\/a_5a0636.jpg?fit=6000%2C4000"},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Scott Matherson"}],"creator":["Scott Matherson"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["bitcoin","btc","btcusd","crypto","price"],"dateCreated":"2024-11-02T18:00:08Z","datePublished":"2024-11-02T18:00:08Z","dateModified":"2024-11-02T18:00:08Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Analyst Reveals Why Bitcoin Price Crashed From $73,000 To $69,000\",\"url\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/analyst-reveals-why-bitcoin-price-crashed-from-73000-to-69000\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/analyst-reveals-why-bitcoin-price-crashed-from-73000-to-69000\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2024\\\/11\\\/a_5a0636.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2024\\\/11\\\/a_5a0636.jpg?fit=6000%2C4000\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Scott Matherson\"}],\"creator\":[\"Scott Matherson\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"bitcoin\",\"btc\",\"btcusd\",\"crypto\",\"price\"],\"dateCreated\":\"2024-11-02T18:00:08Z\",\"datePublished\":\"2024-11-02T18:00:08Z\",\"dateModified\":\"2024-11-02T18:00:08Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/uniquehot.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/11\/a_5a0636.jpg?fit=6000%2C4000","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/651260","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/users\/594"}],"replies":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/comments?post=651260"}],"version-history":[{"count":3,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/651260\/revisions"}],"predecessor-version":[{"id":651279,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/651260\/revisions\/651279"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media\/651266"}],"wp:attachment":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media?parent=651260"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/categories?post=651260"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/tags?post=651260"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}