💝 HELLO guys 💝

💲Here some information about $BTC

📍Bitcoin slides below $92K: How the ‘crypto king’ lost $100 billion in few months—Did Pi Network play a role?

  1. ❗SYNOPSIS❗👉 Bitcoin’s value has tumbled below $91,000, marking its lowest point since November. The wider crypto market lost over $100 billion, dragged down by investor uncertainty, US economic policies, and geopolitical tensions. A hacking incident targeting ByBit added to the woes. Analysts warn that Bitcoin is at a crucial juncture, mirroring broader market struggles. Meanwhile, MicroStrategy continued its aggressive Bitcoin acquisition, while regulatory shifts in Asia are reshaping the digital asset landscape.

📍STOCK MARKET DOWNTRUN ADDS TO CRYPTO WOES📍👉Bitcoin’s crash mirrored broader market struggles. The S&P 500 dropped 2.3% over the past five trading days, while the Nasdaq Composite slid 4%. Bitfinex analysts noted that Bitcoin is increasingly aligning with traditional markets, stating, “A similar stagnation in traditional financial markets has been brought about by macro-driven uncertainty.”

US consumer sentiment has also taken a hit. A University of Michigan survey from February 21 found that consumer confidence fell 10% from January to its lowest level in 15 months. Rising inflation expectations and economic uncertainty have raised fears of reduced spending.