Bitcoin's price has significantly dropped in recent days, pressured by rising concerns in traditional financial markets. This has also led to significant liquidations in the cryptocurrency market.
Sharp Decline in Bitcoin Price
Bitcoin's price fell by $6,000 in the past day, reaching $77,000, marking a monthly low. This decline is linked to growing concerns in the financial markets due to the trade war initiated by President Trump.
Altcoin Status and Liquidations
Altcoins are experiencing even more severe declines. The total amount of liquidations over the past 24 hours reached $900 million, leading to nearly 300,000 trader positions being closed. Notable losses have been observed in cryptocurrencies such as XRP and LTC.
Future of Bitcoin and Altcoins in Current Conditions
Market experts warn of potential further price corrections. Recent trends indicate that Bitcoin may continue to decline if financial instability persists.
Current conditions in the cryptocurrency market remain tense, creating uncertainty for investors. The future of Bitcoin and altcoins will depend on external economic factors and market psychology.
