Bitcoin has fallen under $ 80,000 in the first time since November amid mounted macroeconomic uncertainty in the presidential tariffs of President Donald Trump.
In Feb. 27, Bitcoin fell to $ 79,752, According to In tradingview data. Price 2.65% decline in the past time led to $ 80.28 million in long -term liquid position, per coinglass Data.
Bitcoin last exchanged at this level on November 11, just days after Trump was elected, amid optimization that his pro-crypto policies would lead to a Bitcoin rally in 2025.
Many observers point to macroeconomic uncertainty and concern to the US President Donald Trump’s suggested tariffs As the main reasons for the collapse of Bitcoin and the broader collapse of the crypto market.
Since Trump’s inauguration on January 20, When Bitcoin hit a full time $ 109,000The owner drops almost 26%.
This is a story development, and further information will be added as it is available.
