On market cap, Bitcoin is trading at $87,460, down 6.70% from 24 hours ago.
However, about two hours ago, it fell to $86,008, and the $86,000 level was in danger of collapsing.
This is the first time in three months since November last year that Bitcoin has collapsed below the $87,000 mark. This is the first time Bitcoin has reached an all-time high since President Trump's inauguration.
Since its launch, it has plummeted by about 20%. Not only Bitcoin, but other cryptocurrencies have also plummeted. Ethereum, the second largest cryptocurrency by market capitalization, fell 6.70% to $2,452.
Ripple, which came in fourth, recorded a 6.99% drop to $2.22. Altcoins fell sharply the previous day, but Bitcoin also fell sharply today.
This is likely due to the fact that expectations are turning to disappointment after Trump's election. Stock prices have weakened due to growing uncertainty caused by Trump's aggressive tariff bombing.
Crypto assets appear to be falling en masse as the price of stocks rises, and the lack of a near-term catalyst and falling stock prices are fueling profit-taking.
The recent slowdown in the U.S. economy also appears to have spurred selling.
While optimism remains high about the long-term positive impact that the COVID-19 pandemic will have on crypto assets, Bitcoin will inevitably be affected by macroeconomic trends.
2025/02/26 10:03 KST
Copyright(C) BlockchainToday wowkorea.jp 118