Bitcoin has undergone a significant correction, falling below the $86,000 mark amid economic turmoil triggered by new U.S. tariffs. This marks an important milestone for the cryptocurrency market.
Bitcoin's Sharp Decline Amidst Uncertainty
Bitcoin faced a correction below $90,000 with the risk of falling to $81,000. This followed U.S. President Donald Trump's announcement of 25% tariffs on imports from the European Union, leading to a decline in global financial markets.
Anticipated Drop and Uncertain Future
Bitcoin's drop below $90,000 was anticipated four years ago by Changpeng Zhao, former CEO of Binance. He predicted BTC would reach $101,000 before falling to $85,000.
Analyzing Bitcoin's Future
The drop of BTC below $90,000 reflects the impact of economic uncertainties and Changpeng Zhao's predictions. The market fluctuates between extreme fear and hopes of a rebound. Decisions by the FED and geopolitical situation will play a crucial role in its further development.
May 2025 was a turning point for Bitcoin, hitting trusted resistance levels due to economic instability. The outcomes of political decisions and the cryptocurrency market will determine its future trajectory.
