{"id":6642,"date":"2025-01-08T13:31:48","date_gmt":"2025-01-08T13:31:48","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=6642"},"modified":"2025-01-08T13:31:48","modified_gmt":"2025-01-08T13:31:48","slug":"bitcoin-slides-5-touches-95000-mark-why-is-btc-going-down","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=6642","title":{"rendered":"Bitcoin Slides 5%, Touches $95,000 Mark: Why Is BTC Going Down?"},"content":{"rendered":"<div>\n<p><strong>Bitcoin<\/strong> (CRYPTO: <a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/quote\/btc\/usd\">BTC<\/a>) continues to slide following Tuesday\u2019s <a href=\"https:\/\/www.benzinga.com\/economics\/macro-economic-events\/25\/01\/42850914\/us-services-sector-growth-tops-forecasts-but-price-pressures-tariff-concerns-cloud-outlook\">stronger-than-expected<\/a>\u00a0December Purchasing Managers&#8217; Index reading, with analysts attributing the sharp price decline to fallout in the bonds market.<\/p>\n<p><strong>What Happened:<\/strong> It trades around the $95,400 mark after having touched $102,000 on Monday, down 5.3% over the past 24 hours.<\/p>\n<p>Prominent analyst Benjamin Cowen owen emphasized in his podcast <a href=\"https:\/\/www.youtube.com\/watch?v=m1-tysC1Hds\">update<\/a> on Tuesday that Bitcoin\u2019s recent decline \u201cisn\u2019t so bad\u201d in the broader context.<\/p>\n<p>Cowen elaborated on how the 10-year Treasury yield impacts Bitcoin and other risk assets, highlighting that significant yield increases have coincided with Bitcoin bear markets, including those in &#8230;<\/p>\n<p><a href=\"https:\/\/www.benzinga.com\/markets\/cryptocurrency\/25\/01\/42871814\/bitcoin-slides-5-touches-95000-mark-why-is-btc-going-down\" alt=\"Bitcoin\" slides touches mark: why is btc going down>Full story available on Benzinga.com<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin (CRYPTO: BTC) continues to slide following Tuesday\u2019s stronger-than-expected\u00a0December Purchasing Managers&#8217; Index reading, with analysts attributing the sharp price decline to fallout in the bonds market. What Happened: It trades around the $95,400 mark after having touched $102,000 on Monday, down 5.3% over the past 24 hours. Prominent analyst Benjamin Cowen owen emphasized in his [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-6642","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/6642","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=6642"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/6642\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=6642"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=6642"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=6642"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}