The Bitcoin market continues in a bearish trend, generating concern among investors. Currently, the price of $BTC is 82,510 USD, with a slight increase of 62 USD (0.075%) compared to the previous close.
Recently, Bitcoin has experienced a significant drop of more than 20% from its all-time high in January, trading around 84,353 USD last Friday. This decline is partly attributed to concerns about President Trump's tariff policies and global macroeconomic conditions. Additionally, Bitcoin has shown its inability to match the safe-haven status of gold amid economic uncertainty. While gold prices have increased, the value of Bitcoin has decreased, indicating a preference among institutional investors for more established and less volatile assets. Cryptocurrency-related stocks have also suffered significant losses, reflecting Bitcoin's decline. Companies like Mara Holdings, Strategy, and Coinbase have experienced notable drops in their shares, following the bearish trend of the cryptocurrency market.
In the following news, I explain why BTC would be bearish until July; the news in August will change everything. 🚀🚀🚀
