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Why Bitcoin Price is Down Today?
Bitcoin’s price has taken a sharp dive today, plummeting below $77,000 as global markets experience a sudden selloff in response to President Trump’s announcement of sweeping global tariffs. This unexpected news has sparked widespread fear among investors, causing them to rapidly exit risk assets such as crypto.
As a result, the cryptocurrency market is experiencing a severe downturn, with over $1.3 trillion wiped off its value. Ethereum and Solana have also suffered substantial losses alongside Bitcoin, as panic spreads throughout the market.
It’s important to note that this dramatic price drop does not appear to be linked to any specific crypto-related news or event, but rather the broader global economic climate. The sudden loss of key support levels and widespread liquidations have further exacerbated the situation.
While it remains unclear what the long-term impact will be on the cryptocurrency market, investors are advised to remain cautious and keep a close eye on market developments in the coming days.
Source: https://coinpedia.org/crypto-live-news/why-bitcoin-price-is-down-today-crypto-bloodbath/
