Bitcoin ($BTC) is experiencing a decline due to several key factors:
1) Excessive Leverage:
Following its recent all-time high, Bitcoin's open interest reached a peak, indicating a surge in bullish positions. This overheated market often leads to significant sell-offs by larger investors, or "whales," to liquidate overconfident longs.
2) Trump’s Tariff Threats:
Donald Trump's recent threats to impose substantial tariffs on Apple and European goods have unsettled the markets, triggering a drop in Bitcoin alongside falling stock futures.
3) Fed’s Interest Rate Concerns:
A warning from a Fed official regarding potential interest rate hikes in the event of a fiscal crisis has heightened investor anxiety, prompting sell-offs in riskier assets like Bitcoin.
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