#BTCBelow80K Bitcoin's recent crash below $80,000 can be attributed to several factors:

*Market Volatility and Economic Concerns*

- *US-China Trade Tensions*: The escalation of trade tensions between the US and China, triggered by Trump's new 10% tariff, has led to a decline in global markets, including cryptocurrencies.

- *Inflation Fears*: BlackRock CEO Larry Fink warned that nationalistic trade policies under Trump's administration may increase inflation, limiting Federal Reserve rate cuts ¹ ².

*Regulatory Uncertainty*

- *SEC Scrutiny*: The intensified scrutiny of crypto exchanges by the Securities and Exchange Commission (SEC) has contributed to market uncertainty.

- *Delayed Policy Implementation*: The slow implementation of policies under Trump's administration has fueled uncertainty among investors ³.

*Security Breaches and Market Sell-Offs*

- *$1.5 Billion Hack on Bybit*: A massive hack on the Bybit exchange, involving Ethereum, has raised concerns over asset security and market stability.

- *Major Sell-Offs*: BlackRock's sale of billions in BTC and ETH triggered panic selling, contributing to the market downturn ³ ¹.

*Technical Indicators and Market Analysis*

- *Technical Analysis*: Bitcoin's technical analysis suggests a normal market correction rather than a major downtrend, with lower realized losses and continued profit-taking from older cohorts.

- *Support Levels*: Bitcoin remains above critical support levels, with immediate support at $78,000-$76,500 and stronger support at $69,000 ⁴.