Bitcoin has recently faced a significant downturn, losing over 23% of its value in just two months, largely due to the economic impact of a series of new tariffs imposed by the United States in February, March, and April.
The cryptocurrency market is experiencing a significant downturn, with leading assets facing sharp declines and total market capitalization dropping by 2.45% in the last 24 hours, settling at $2.59 trillion.
Crypto assets has emerged as one of the most groundbreaking innovations in the world of finance, providing opportunities for individuals to earn substantial returns through early investments in digital assets like Bitcoin, Ethereum, and others.
Mike McGlone, a senior commodity strategist at Bloomberg Intelligence, has reiterated his prediction that Bitcoin might eventually lose a zero, drawing parallels between the cryptocurrency's rise and past market bubbles.
The past week has been full of developments impacting both traditional finance and the crypto world.
As of the latest data, Bitcoin is trading at approximately $82,803, reflecting a modest 0.69% decrease in the last 24 hours.
Bitwise analyst Jeff Park believes that US trade policies under Trump could spark global economic instability, ultimately boosting Bitcoin adoption as a store of value.
Bitcoin's recent market activity has sparked debate among analysts, with CryptoQuant CEO Ki Young Ju asserting that the bull run has officially ended.
Amid growing concerns that quantum computers could potentially compromise Bitcoin’s security, developers have begun working on a hard fork that might change the cryptocurrency’s supply.
According to a recent CoinDesk article, President Donald Trump’s announcement of reciprocal tariffs led to a massive $5.4 trillion wipeout in the stock market, yet Bitcoin (BTC) and the broader cryptocurrency market showed significant resilience.
U.S. President Donald Trump's aggressive trade policies could trigger global economic turmoil, causing short-term financial crises that will ultimately drive greater adoption of Bitcoin (BTC) as a store of value, according to Bitwise analyst Jeff Park.
Amid a turbulent market environment that has seen both risk assets and safe havens like gold experience sharp declines, Bitcoin has shown remarkable resilience.
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