$BTC Y 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.
◾- *Hacks and Security Issues*: The hacking incident on February 21 of the Bybit exchange, 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 generated 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.
