The recent drop of Bitcoin—with its price falling below 80,000 dollars—is a clear reflection of how multiple factors can converge and destabilize the crypto market. On one hand, the uncertainty generated by trade policies, such as the tariffs announced by the President of the United States, has increased nervousness among investors by impacting the global economy and generating fears about inflation (reuters.com). On the other hand, the hacking suffered by the Bybit platform—which resulted in the theft of approximately 1.5 billion dollars in Ether—has undermined trust in the security of cryptocurrency exchanges, intensifying downward pressure in the market (reuters.com).
Furthermore, it is observed that institutional investors are pulling capital from Bitcoin-backed exchange-traded funds, which exacerbates the situation and suggests that, after previous rises, many are looking to secure their profits. However, some voices in the sector, such as experts who advocate for Bitcoin as a safe haven against the depreciation of fiat currencies, see this correction as a possible buying opportunity (bloomberglinea.com).
In summary, the current volatility of Bitcoin is the result of an uncertain global economic environment, coupled with security incidents that have weakened investor confidence. This underscores the importance of staying well-informed and adopting prudent investment strategies in such a dynamic market that is sensitive to external changes.