In an unexpected turn of market dynamics, Bitcoin has slipped below the $90,000 mark. This constitutes a nearly 20% decline from the record high on Donald Trump’s Inauguration Day. Bitcoin, the world’s largest cryptocurrency by market cap, saw an unprecedented rise during Trump’s tenure, making this decline a significant event in the crypto world. The reasons behind this slide are manifold. Industry experts pin the blame on macroeconomic trends, pointing toward rising global inflation and financial instabilities. Others associate this decline with regulatory issues, particularly around the usage of cryptocurrencies for illicit purposes. Despite this drawback, Bitcoin enthusiasts remain optimistic, citing the fundamental strong nature of Bitcoin and the crypto market at large. They predict a reversal in this trend soon, reinforcing the inherent volatility of the crypto market. Read More
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