🆘 BTC Plunges to $91K, Altcoins in Red – Market in Panic🆘
🔥Over the past 24 hours, the crypto market has witnessed a sharp decline as Bitcoin dropped to $91,000, dragging the entire altcoin ecosystem down. The total market capitalization has evaporated by $276 billion, falling 8.2% to $3.096 trillion. Meanwhile, the Fear & Greed Index plummeted from neutral (49) to extreme fear (25), reflecting widespread investor panic.
The market downturn is driven by several negative factors:
📌President Trump confirmed that high import tariffs on goods from Canada and Mexico will officially take effect next week, raising concerns over trade tensions.
📌The U.S. Department of Justice fined a company linked to OKX $500 million for operating an unlicensed money transfer service.
📌All five Bitcoin reserve bills in the U.S. failed, as Montana, North Dakota, Pennsylvania, South Dakota, and Wyoming either rejected or failed to pass proposed digital asset laws. Opponents argue that establishing Bitcoin reserves could pose risks to taxpayers' money.
With negative sentiment dominating the market, investors should exercise caution before making trading decisions.