$BTC Bitcoin Drops to $76,802 – What’s Driving the Decline?
1️⃣ Trump’s Recession Warning
• Former President Donald Trump cautioned about a potential recession, triggering market-wide anxiety.
◆ The S&P 500 has shed $5 trillion in just two weeks, with a staggering $1.75 trillion lost in a single day.
• Investors are retreating from high-risk assets, including Bitcoin.
2️⃣ Crypto ETF Outflows Reach $876M
• Institutional investors have been withdrawing funds for the fourth consecutive week, with BTC ETFs alone seeing $756 million in outflows.
• This sustained exit signals a bearish sentiment, adding pressure on Bitcoin’s price.
3️⃣ Mt. Gox Transfers $900M in BTC to BitGo
▲ A massive 11,800 BTC transfer has raised fears of creditor sell-offs.
• Potential liquidations could further weigh on Bitcoin’s price.
With economic uncertainty, institutional sell-offs, and looming liquidation risks, BTC faces significant resistance.
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#MarketCrash #CryptoSelloff #Bitcoin