Why Is Bitcoin Down Today? 5 Reasons BTC Can’t Break $80,000 Despite $40 Trillion US Debt

Bitcoin has slipped further below $80,000 and is trading near $77,527. It is down 3% in the past 24 hours and 5% over the week. Many investors are wondering why. The US is carrying about $40 trillion in debt, inflation is close to 4%, oil prices are high amid the conflict with Iran, and Bitcoin is still not breaking out. James Lavish, a former Wall Street investor who writes about Bitcoin and macroeconomics, says several forces are holding the price in place. Some of them are easy to miss.