Bitcoin, the world's leading cryptocurrency, is facing a dip of 3% as it trades at $29,171 on Tuesday. The failure to sustain higher price levels may have influenced aggressive bearish sentiments, leading to short positions, while short-term bulls have chosen to secure their profits.
Amidst the market fluctuations, two significant factors weighing on BTC's performance are the ongoing Binance lawsuit and concerns over a potential rate hike. ... Read More: Bitcoin Price Prediction: BTC Dips 3% Amid Binance Lawsuit and Potential Rate Hike Concerns