$BTC Why Are Cryptocurrencies Falling Today?
The cryptocurrency market is experiencing a downturn, with Bitcoin and Ethereum leading the decline. Several factors are contributing to this trend:
1. Fear of Trump's tariffs: Uncertainty surrounding Trump's trade policies is causing investors to seek safe-haven assets like the US dollar, leading to a sell-off in cryptocurrencies.
2. Bybit hack: A massive hack on the Bybit platform has raised concerns about cryptocurrency security, prompting investors to sell their assets.
3. Profit-taking: After Bitcoin's recent surge to new highs, investors are securing their profits, causing a natural price correction.