This drop is due to rising trade tensions between the United States and China, especially after tariffs were imposed. Indicators such as the Death Cross have emerged, where the 50-day moving average crosses below the 200-day moving average, suggesting the possibility of a continued downward trend. Important support levels to watch include $74,000, $65,000, and $57,000. Regarding future forecasts, some analysts have pointed to the possibility of Bitcoin's price dropping to the $70,000 - $75,000 range in the short term due to rising U.S. Treasury yields and inflation.

However, these analysts also expect a significant increase in Bitcoin's price, potentially reaching $250,000 by the end of the year. As for other cryptocurrencies, Ethereum (ETH) has seen an 11% drop to around $1,592.50, while Solana (SOL) fell by 9.9% to around $107.19.

Note: (BTC): The first and most famous cryptocurrency is considered a store of value and is referred to as 'digital gold.' Now, governments, companies, and banks are making decisions based on the new U.S. president's directives to acquire digital gold (BTC) from the bottom.