Bitcoin $83,958.40 price The article is located at 85 thousand dollars at the time of preparation and Eth It fell to 2 thousand dollars. BTC Altcoins rapidly reversed the rise of over 10 thousand dollars within hours. Those who see more than one cycle and even those in crypto currencies for more than 10 years cannot hide their uneasiness in the ongoing process. So what’s going on? Why is Bitcoin falling?
Why is Bitcoin falling?
Reveiting positive correlation with Nasdaq BTC We have mentioned that this will deteriorate soon during the process of boring movements. What many experts also expressed was that if the US stock exchanges fell, there would be a return to positive correlation. So was the reason for the losses in the price of Bitcoin.
Trump for Canada and Mexico has commissioned tariffs today. This incident, which pushed Nasdaq Composite to the correction area, caused a 10 percent decrease in the summit in December. The S&P has fallen 1.3 %and saw its lowest levels since the November 5 elections. Of course, the Asian market openings in the morning were also bad.
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The financial sector experienced one of the worst periods with a decrease of 6.7 %of Citigroup shares, 6 %of Bank of America shares and 4 %of JPMorgan Chase shares. Many people did not expect Trump’s customs duties to be realized and assumed that they would make them as a bargaining element. But today, China has come to 25 %tax on others. Moreover, Trump will make his new announcement about tariffs later.
Trump was crazy
For tariffs seen as a bargaining element today Trump He used the following statement, “they will see that customs duties continue to increase to the extent that they make retaliation (for Canada)” and shows how grave this is. Max Wasserman, founding partner of Miramar Capital and senior portfolio manager, said;
“People wake up and stop, it’s a big thing, he says. He will apply this. “
Known as Wall Street’s Horror indicator CBOE Volatility Index at the highest level of the year. The bond markets made the lowest closing of 2025 and the gold started to rise again. And while all this was happening, the European Union has not yet made a retaliation move for future customs duties. Maybe they accept what Trump says and this nightmare ends? Or does the US accelerate its economic weakening by closing itself completely?
In the midst of all this chaos, the possibility of interest reduction decreased to May.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
