Bitcoin (BTC) has experienced a downward trend in recent weeks, with its current value around $84,379. Several factors have contributed to this depreciation:
Global Macroeconomic Conditions: Tightening monetary policies adopted by central banks, especially the U.S. Federal Reserve, including interest rate hikes, have negatively impacted risk assets like cryptocurrencies. reuters.com
Economic Uncertainties: Falling inflation has heightened fears of a trade war in the U.S., reducing investors' appetite for risk assets, including Bitcoin. forbes.com
Specific Events in the Crypto Market: Recently, Bitcoin hit its lowest price level in four months, raising concerns among investors about the stability of the cryptocurrency market. barrons.com
It's crucial for investors to monitor these trends and consider the risks associated with the cryptocurrency market, which is highly volatile and influenced by various economic and geopolitical factors.