Bitcoin and the overall cryptocurrency market have faced significant losses due to unpredictable economic factors and disappointment in President Trump's crypto plans.
Bitcoin Hits a Four-Month Low
Bitcoin has fallen more than 5% in the last 24 hours, hitting a four-month low of $79,263. The drop is attributed to market fears due to President Trump's tariff threats, creating economic uncertainty. The Crypto Fear and Greed Index has fallen to 21, its lowest level in nearly three years.
Short-Term Holders Face Losses
A significant portion of Bitcoin's recent losses comes from short-term holders panic selling. In the last three days, they have lost $2.16 billion. Investors who bought Bitcoin last week lost $927 million, those from the last month lost $678 million, holders of one to twelve months lost $257 million, and those from the last 24 hours lost $322 million.
Impact on Altcoins
Bitcoin's decline has also affected other cryptocurrencies. Ethereum has dropped 7.5%, XRP down 8.2%, and Solana down 9%. This trend shows a loss of investor confidence in the overall crypto market.
The drop in Bitcoin and other cryptocurrencies' prices is causing concern among traders and investors. The impact of tariff threats and the slow progress of crypto policies continue to add uncertainty to the market.
