📉 Bitcoin Price Sees Unexpected Drop: Falls Below $100,000
May 8, 2025 — Today, the crypto market experienced an unexpected downturn as Bitcoin's price dropped below the $100,000 mark. This decline follows the uncertainty triggered by U.S. President Donald Trump's announcement of the "Liberation Day" tariffs.
Additionally, the U.S. Treasury Secretary, Scott Bassett's departure to Switzerland for trade talks with Chinese officials has also contributed to market jitters.
📊 Current Market Overview
Bitcoin $BTC
h$XRP as fallen by 15%, currently hovering around $94,000.
Ethereum$ETH
has seen a 45.5% annual decline, though there was a slight 2.7% increase following the recent "Pectra" upgrade.
Cryptocurrency-related stocks like Coinbase and Robinhood have also witnessed declines.
⚠️ Investor Warning
Given the current geopolitical and economic conditions, crypto experts are advising investors to exercise caution. While there is hope for market recovery in the long term, there is still the potential for further declines in the short term.