Why is Bitcoin price down today?
Today's lower Bitcoin prices are driven by better-than-expected U.S. job data and a slight reduction in BTC supply held by its largest holders.
$69,337
price has dipped by approximately 3.25% in the last 24 hours to reach $3,690 on June 8. The BTC/USD pair is outperforming the broader crypto market, whose valuation has dropped 3.75% in the same period.
BTC/USD vs. TOTAL crypto market capitalization daily performance chart. Source: TradingView
