$BTC Bitcoin drops below 90 thousand dollars! Why is the cryptocurrency market bleeding today? 😱📉

In the last 24 hours, major news about cryptocurrencies has not stopped, but the market still fell! The total market value shrank by 3.2%, remaining at 2.9 trillion dollars, BTC dropped by 3.5% to below 89 thousand dollars, and altcoins like ETH, ADA, and SOL fell by 4 to 7%! 💥

What important events happened?

Trump signed an order to create a BTC reserve for the US, using Bitcoin confiscated by the government, prohibiting its sale!

David Sacks stated that the US sold 195 thousand BTC in the past, losing 17 billion in profits, and also mentioned reserves of altcoins, using only confiscated assets!

BlackRock bought BTC again, holding 52 billion dollars; Mt. Gox transferred 1 billion dollars in BTC, scary! 🚨

Why is it still falling?

Good news doesn’t mean much, this is a "sell the news"! Traders buy coins in advance, and as soon as the news comes out, they run away; Trump’s order was discussed for several weeks, expectations have already risen, and after the announcement, they took profits! The movement from Mt. Gox causes fear of selling pressure, and the market usually corrects; after BTC reaches 90 thousand, it breathes, and adjustments after the February dip are normal! 🌪️