๐จ Urgent: Bitcoin drops 4% to $114,000 after Trump's tariff announcement!
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๐ฅ Sudden decline:
โ The price of Bitcoin ($BTC) has decreased by 4% to around $114,000, affected by President Trump's recent statements.
โ This decline coincided with $195 million in long liquidations, exacerbating the drop.
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๐ก Why is this important?
โ This drop shows that the crypto market is still sensitive to global economic and political news.
โ Tariffs raise concerns about slowing economic growth and inflation expectations, negatively impacting high-risk assets.
โ The wave of liquidations is evidence that many traders were betting on a continued rise but faced significant losses.
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๐ Context:
โ This decline comes at a time when traditional financial markets are experiencing a "risk-off" sentiment following the tariff announcement.
โ This indicates that Bitcoin is increasingly behaving like an asset linked to traditional markets, at least in the short term.
Will this decline be seen as a buying opportunity for long-term investors?
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