The recent drop in Bitcoin's price to $91.5K has attracted significant attention among market participants. This event occurred amid worsening macroeconomic conditions, confirming the cryptocurrency's high sensitivity to global events.
Recent Changes in the Bitcoin Market
Bitcoin's price fell to $91,530, reaching a local bottom before partially recovering to $95,306. The correction came two days after President Donald Trump signed an executive order to impose import tariffs on goods from China, Canada, and Mexico.
Market Reaction and Expert Analysis
Experts explain the decline in Bitcoin as an increase in investor concerns about a potential global trade war. As noted by Ryan Lee, chief analyst at Bitget Research, the cryptocurrency's instability to macroeconomic changes has become more apparent. 'The current reaction underscores how geopolitical tensions and policy decisions are increasingly shaping cryptocurrency market dynamics,' Lee said.
Forecasts and Future Prospects
In the near future, experts see risks of further Bitcoin price declines. Raoul Pal, founder of Global Macro Investor, forecasts a possible correction to below $70,000 in February. Despite short-term fluctuations, Bitcoin's prospects for the rest of the year remain positive, with price forecasts up to $180,000 by 2025.
Despite short-term challenges and declines, Bitcoin continues to attract investor attention, who see long-term potential in the cryptocurrency as a hedge against traditional market volatility and inflation.
