💥 What Happened?
Bitcoin experienced a sharp drop due to a massive spot-market sell-off triggered by panic after news of EU retaliatory tariffs. Even though no new alarming details emerged, American traders woke up, saw the headlines, and rushed to sell. This panic sale has been dubbed “Black Monday.”
📉 Key Reasons:
💸 Massive Spot Sell-Off:
Across all major exchanges, huge volumes of Bitcoin were sold, pushing its price below $79k.
⚡ EU Tariff News Impact:
The announcement of EU retaliatory tariffs set off alarm bells, despite a lack of additional scary news.
😱 Panic Among Traders:
The news led to a wave of panic among American traders, sparking the “Black Monday” sell-off.
🤔 Influencer Reactions:
Top market figures and network marketers were rattled—some even stepped back from monitoring the market, while skeptics like Peter Schiff anticipated further issues for crypto advocates.
⏰ Future Outlook:
The drop might be justified if US futures open strongly in the red tonight; if not, a rebound could be on the horizon.
Stay tuned for more updates!
