Bitcoin price experienced a slight drop on Wednesday, continuing its recent weakness due to concerns about the global economy’s health.

At 05:30 ET (09:30 GMT), Bitcoin was down 0.5%, trading at $65,217.0. This represents a loss of about 4% over the past trading week, having dipped below $65,000 on Tuesday for the first time since May 16.

Bitcoin: The recent drop of Bitcoin below $65,000 caught everyone off guard, with the reasons behind it being quite murky. Pinpointing the exact cause is complex, but we may have found some answers.