Analyst Links Bitcoin Drop to US Liquidity Shortage

A recent analysis suggests Bitcoin's downturn reflects trends in SaaS stocks, indicating a broader market issue rather than a crypto-specific cause.

According to a recent analysis, the current decline of Bitcoin appears to be tracking the movements of Software as a Service (SaaS) stocks, suggesting that the selloff isn't driven by unique factors within the cryptocurrency market. Instead, this trend highlights concerns over liquidity constraints in the United States that are influencing multiple sectors.