Bitcoin Back Under $100,000
- This topic has 7 replies, 1 voice, and was last updated 1 day ago by
.
-
Topic
-
Bitcoin fell over 6% today, dipping below the critical $100,000 level as a wave of profit-taking erased last week’s gains.
The downturn came amid growing uncertainty over President Donald Trump’s cryptocurrency policies, leaving investors cautious about the future of digital assets in the US.
Last Friday, Trump announced the creation of a White House crypto advisory group, tasked with drafting a regulatory framework for digital assets within six months.
While the move signalled an effort to provide clearer regulations, the market reacted negatively to the lack of immediate action on a rumoured US Bitcoin reserve.
Many traders had anticipated the government would begin purchasing Bitcoin, a move that could have driven prices higher.
Geopolitical Tensions Add To Market Jitters
Adding to the bearish sentiment, Trump announced on Sunday that he would impose tariffs and sanctions on Colombia after the country blocked US migrant deportation flights.
The move further pressured global risk assets, including cryptocurrencies, as investors weighed the potential economic fallout of escalating trade tensions.
With regulatory uncertainty lingering and macroeconomic risks mounting, Bitcoin’s pullback signals a more cautious outlook for the crypto market in the near term.
Investors will be closely watching for further policy developments and macroeconomic trends that could influence Bitcoin’s trajectory.
Data: Trading Economics
-
-
-
Don’t tempt me, it’s had such a great trajectory so far 😂
-
-
-
-
