00159733142#CryptoMarketWatch

What is happening with BTC?

Currently, the price of Bitcoin is experiencing a decline and is around $703,634,060,998,1.000, with ongoing selling pressure. Several factors influencing this include proposed crypto transaction taxes and statements from government officials that impact the market. **Current Condition of Bitcoin**

- Bitcoin has dropped nearly 6 percent in the last 24 hours.

- Currently, the price of Bitcoin is around $703,634,060,998,0.000.

**Factors Causing the Decline**

- The release of non-farm payroll (NFP) reports indicates the possibility of monetary tightening by The Fed, which may reduce investor interest in speculative assets like Bitcoin.

- Despite positive sentiment from the executive order for Strategic Bitcoin Reserve, the lack of concrete policy makes investors hesitant.

**Impact on the Crypto Market**

- The decline in Bitcoin's price also affects major altcoins, such as:

- Ethereum (ETH) down 3.24%

- XRP plummeted 6.38%

- Binance Coin (BNB) weakened 4.78%

- Over $150 million in funds experienced liquidation, and the global crypto market capitalization fell nearly 6% to $2.68 trillion.

**Hopes and Uncertainties**

- Investors are now waiting to see if Bitcoin can hold above $80,000 or will continue to be under pressure.

- High volatility makes investor decisions in the coming days crucial for the direction of market movement.