What factors contributed to the drop in btc on december 11?

On December 11, 2023, Bitcoin (BTC) fell by 7.5%, reaching $40,521.

This sharp drop could be caused by various factors such as:
Internal corporate information: Some companies, such as BitRiver, have reported a drop in the value of Bitcoin, which could affect its value

External factors: On the night of December 11, the Bitcoin rate dropped by more than 5%, reaching $40,198 in pairs with a stablecoin

This may be due to external factors such as the global economy, political situation or news about cryptocurrencies.
Traffic on the crypto exchange: In November 2023, traffic on the Binance crypto exchange increased, which could affect the Bitcoin rate

It is important to note that cryptocurrencies, including Bitcoin, are known for their high liquidity and quick response to changes in the market. Thus, the drop in price may be the result of a combination of various factors affecting the cryptocurrency market.