🔻$BTC AND THE PANIC IN THE MARKETS🔻

🤔Bitcoin has dropped today due to several key reasons.

👉Here are some of the possible causes:

◾- *Macroeconomic concerns*: Global economic uncertainty and fears about the effects of President Trump's plans to impose tariffs on trading partners have negatively affected the price of Bitcoin. This has led to a decline in the U.S. stock market and, consequently, in the price of Bitcoin.

◾- *Hacking and security issues*: The hacking of the Bybit exchange on February 21, which resulted in a loss of nearly $1.5 billion, has generated uncertainty and distrust in the market.

◾- *ETF outflows*: Spot-bitcoin exchange-traded funds have experienced significant outflows, which may indicate a lack of confidence in the market. For example, BlackRock's iShares Bitcoin Trust (IBIT) recorded an outflow of $50.6 million.

◾- *Regulatory uncertainty*: The lack of clarity in the U.S. government's plans regarding Bitcoin, such as the creation of a strategic reserve, has raised doubts and negatively affected the price.

◾- *Liquidations in the market*: Record liquidations in the cryptocurrency market have put additional downward pressure on the price of Bitcoin. In the last 24 hours, traders have lost a total of $532 million.

📌Currently, the price of Bitcoin is $106,158.96, with a drop in its value in recent hours.