$BTC crashed continues... I give Alert everyone once it's dropped to $90k .... Is this crashed same like August 2024 where BTC suddenly dropped from $67k to $49k ...
What Your Take on it ...?? Will it give opportunity to buy between $81k - $82k ... or further decline to $80k
#BitcoinCrashedAlert recent decline below $90,000 has raised concerns among investors, prompting comparisons to the August 2024 crash when BTC plummeted from $67,000 to $49,000. While both events involve significant price drops, the underlying causes and market contexts differ.
In August 2024, Bitcoin's sharp decline was primarily driven by a broader sell-off in global financial markets. Factors such as weak economic data and recession fears led investors to move away from riskier assets, including cryptocurrencies. This period also saw substantial losses in traditional stock markets, amplifying the impact on Bitcoin's price.
In contrast, the recent downturn is influenced by a combination of crypto-specific events and macroeconomic factors. Notably, a $1.5 billion hack of the Bybit exchange has heightened security concerns within the crypto community. Additionally, President Trump's announcement of a strategic crypto reserve funded by seized assets fell short of market expectations, leading to negative sentiment. Broader economic issues, such as proposed tariffs and inflationary pressures, have also contributed to the decline.
While both crashes involve significant price corrections, the August 2024 crash was more closely tied to global economic downturns, whereas the current decline is influenced by a mix of internal crypto events and external economic policies.
