2 Reasons Why Bitcoin Is Down Today

As the world's largest cryptocurrency by market capitalization, and still the most influential token in the crypto market, Bitcoin (CRYPTO: BTC) continues to generate a tremendous amount of attention. The direction this token moves on a given day often sets the tone for the entire market. Such appears to be the case today.

As of noon ET, Bitcoin has declined 1.5% over the past 24 hours. This move has coincided with an overall market decline of 2.7% over this same time frame. While Bitcoin has seen smaller declines than many of the higher-risk altcoins today, investors appear to be pointing to trading volumes and a relatively high concentration of Bitcoin being held by a few individuals as reasons to be cautious today.

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Source Fool.com