Bitcoin Faces Worst Drop Since Trump’s Win, Drops Below $100,000 📉
Bitcoin has experienced its longest losing streak since Donald Trump was elected, marking a significant pullback in its value. Over three days, Bitcoin's price decreased by 6%, falling below the significant threshold of $100,000, which it was expected to surpass.
Market analysts attribute this decline to profit-taking by investors, driven by a climate of global market uncertainty. This uncertainty has been exacerbated by Trump's recent tariff proposals, which have contributed to the instability in the financial markets.
Despite the downward trend, Bitcoin has found some stability at around $92,000. Observers remain cautious, noting the potential for ongoing volatility in the cryptocurrency market as geopolitical factors continue to influence investor behavior.
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