For the past weeks, Bitcoin (BTC) was witnessing a slow decline.
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But on Friday, this decline has intensified and its price has fallen by more than 3% in the last 24 hours.
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After which the price of BTC has come down to a five-week low of $63,700.
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Not only Bitcoin, ETH has fallen by 2.25% and SOL is about 3.8%.
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The sentiment index tells how people are generally feeling about Bitcoin.
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This index, showing a reading of -0.73 as of Friday, has been negative since May 23, 2024.
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On the other hand, data from Google Trends shows that there has been a steady decline in the search for “bitcoin” worldwide since March 2024.
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But former US President Donald Trump is in support of BTC and crypto.
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Along with this, current President Biden is also coming in support of crypto. This means there is a great hope for the price of BTC to increase in the future.