Bitcoin and other cryptocurrencies are crashing as President Donald Trump warns of economic “pain” due to a brewing trade war.
Bitcoin has fallen below $97,000, dragging down XRP, Solana, and Dogecoin with it.
Crypto Market in Panic Mode
The crypto market is experiencing sharp losses:
- Bitcoin (BTC) dropped 5.63% to $94,855.60.
- XRP, Solana, and Dogecoin also saw major price drops.
The decline follows Trump’s tough trade stance, which has spooked investors and triggered a wider sell-off in stocks and crypto.
What’s Causing the Crash?
- Trump’s Trade War Warnings
- Trump hinted at economic difficulties ahead as he pushes for tougher trade policies.
- Investors fear higher tariffs and restrictions could slow down global trade and hurt market confidence.
- Investor Uncertainty
- Crypto markets are highly sensitive to economic instability.
- Many traders sold off their assets, fearing bigger losses.
What’s Next for Crypto?
The market’s future depends on:
- Trump’s next moves on trade and tariffs.
- Investor sentiment – whether buyers step in or continue selling.
- Regulatory developments that could impact crypto trading.
Some analysts believe the dip could be a buying opportunity, while others warn of more losses ahead.
Final Thoughts
Bitcoin’s fall below $97K marks a critical moment for crypto investors. If trade tensions continue to rise, the market could see further declines. Will Bitcoin rebound or drop even lower? Only time will tell.
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