Why Bitcoin Prices Plummet as the Markets Shift

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Coin-Turk 9 months ago 141

Bitcoin’s price was at $85,000 at the time of this writing, while ETH ($2,938.95) fell to $2,000. The rapid reversal of over $10,000 in gains within hours has triggered turmoil among altcoins. Even those who have witnessed multiple cycles and have been in the crypto space for over a decade are unable to hide their anxiety in the ongoing situation. What is really happening? Why is Bitcoin $85,567 dropping?

Reasons Behind Bitcoin’s Decline

We previously discussed the potential disruption in Bitcoin’s positive correlation with Nasdaq, especially with its current stagnation. Many experts predicted that if U.S. stock markets fell, this correlation could revert. As it turned out, the recent drop in U.S. markets has contributed to Bitcoin’s losses.

Today, Trump implemented tariffs for Canada and Mexico, pushing the Nasda...



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