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Bitcoin Price Dergers: The feeling of the market was shaken by Trump’s pricing policies, regulatory concerns and the recent $ 1.5 billion hack, eroding investor confidence.
As the feeling of risk rises, cryptographic investors should remain cautious about what awaits us, says an expert.
Why Bitcoin falls: The Bitcoin Prize, the largest cryptocurrency in the world, dived on Friday below $ 80,000 for the first time since November, erasing almost all the gains made after US President Donald Trump took office in a pro-Crypto program. Other cryptocurrencies, notably Ethereum, BNB, XRP and Solana, also experienced large drops down between 6.6% and 8.6%.
The Bitcoin market capitalization amounted to nearly $ 1,590 billion. Its negotiation volume 24 hours a day was $ 64.63 billion. Bitcoin is down 5.17% in the last 24 hours with a circulating offer of 19.83 million.
Why does Bitcoin fall?
Avinash Shekhar, co-founder and CEO of PI42, said: “Bitcoin has plunged below $ 80,000 since November in the middle of increasing macroeconomic uncertainties. The feeling of the market was shaken by Trump’s pricing policies, regulatory concerns and the recent $ 1.5 billion hack, eroding investor confidence. Ethereum also suffered, going to a one -year hollow. “”
A massive liquidation of $ 106 million occurred while Bitcoin has briefly reached $ 81,000, which triggers additional volatility, he added.
“Investors are still optimistic in the fear that Bitcoin has found a short -term floor or if more drawbacks are imminent. Meanwhile, Dogecoin can show resilience and can gain value in the middle of the major asset struggle. Optimism is that Bitcoin can become optimistic at $ 84,000, market hinds for the optimistic weekend with high challenges. Traders are considering key technical levels and economic factors that could dictate Bitcoin’s next decision. As the feeling of risk rises, cryptographic investors should remain cautious about what awaits us, “Shekhar.
The Coindcx research team said in a note: “The cryptography market has entered a strong bearish phase while Bitcoin collapsed below $ 80,000 for the first time since the breakup of November 2024. Other popular altcoins also experience a similar sale but have been above their crucial support. “”
Institutions play a major role in current sales while Blackrock sells billions of BTC and ETH. Meanwhile, Litecoin displays a certain force with the possibility of a quick rebound while the Bulls continue to defend local support at $ 120, he added.
“The tariff war intensified after President Trump announced an additional 10% rate on China, which would have had a negative impact on the cryptographic markets. After Uniswap & Gemini, the dry ends an investigation into consensys and drops a trial on Coinbase, referring to a clearer regulations on the horizon. On the other hand, the SEC said that most of the same are not considered to be titles, because the Howey test is away from the safety rules mainly because they thrive on media threshing, not on usefulness, “said the Bindcx research team.
On November 6, 2024, when Donald Trump won the US presidential elections, Bitcoin crossed the brand $ 75,000 to reach its $ 75,011.06 summit, supported by major entries in the stock market -negotiated funds (ETF) in the midst of Donald Trump winning reports in the American presidential elections.
Bitcoin continued to increase after Trump’s victory over a Pro-Crypto program and reached its peak of $ 109,350 in January 2025.
