Leading cryptocurrency Bitcoin (BTC) fell to the $76,000 mark early Monday and is making investors nervous. The rally from $60,000 to $109,000 in six months could be erased in the next few dips. The global financial sector is still coming to terms with Trump’s tariffs, and a cloud of uncertainty is growing. Institutional investors pulled out billions of funds from the US and the global markets, making equities crash.
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Bitcoin is crashing in the indices as the world is affected by Trump’s tariffs making the markets weak. BTC moves in tandem with the stock market and a dip in equities makes the leading cryptocurrency plummet. The market and governments around the world remain unhappy with the tariffs as they affect the normal flow of trade. Moreover, businesses either have to absorb the price rise of put it on the shoulders of their consumers.
Price rises are a major concern that can make or break an economy. A surging price leads to less consumerism as wages don’t catch up. Less consumerism leads to dwindling revenues for corporations and ultimately initiates large-scale job cuts to remain afloat. Tough times lay ahead for Bitcoin and other leading cryptocurrencies as the stock markets could underperform in 2025.
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Bitcoin: What Should BTC Investors Do Next?
The bear markets can be brutal in the cryptocurrency sector as prices experience major fluctuations. The volatility is high and not every investor can stomach the dip. It is advised to remain on the sidelines as the downward trajectory is only growing. Also, there’s uncertainty all around and businesses now need to shell out more for production and movement of goods.
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Bitcoin and other leading altcoins remain at risk of heading further south and burning a hold in traders’ wallets. The best-case scenario is to wait for multiple dips and take an entry position when the bottom is near. Read here to know the price prediction on Ripple’s native cryptocurrency XRP.