On March 19, 2024, Bitcoin sank to a two-week low due to declining demand for US exchange-traded funds and investor concerns about the Federal Reserve's ability to lower interest rates swiftly. The cryptocurrency has been on a downward trend since reaching a near record high of $73,798 on March 14, leading to speculations about its peak. Bitcoin experienced a 4.6% drop before stabilizing at around $63,350 on Wednesday.