In the recent weeks, the crypto market experienced a strong wave of sell-offs, causing the biggest cryptocurrency by market cap, Bitcoin, to lose about 30 percent of its value. Last week, the price of Bitcoin, which previously reached an all-time high of around $126,000 in October, fell down to nearly $91,300. This incident has raised the concern of investors all around the world.
Bitcoin very recently hit a seven-month low and then experienced a little recovery. One press report said the market capitalisation of all cryptocurrencies dropped by around 25% in six weeks and the market switched from having about $4.4 trillion worth of coins to $3.15 trillion. Such a steep market slide has taken away the most of the positive gains of the crypto market in this year, attributed mainly due to bitcoin’s price fall .
Ethereum too experienced such a heavy drop that its price now stands at almost $3,100 down from the peak price of $4,956 in August. Ethereum’s value shrank by more than 20 percent in the last month. Solana was also badly hit. The token’s price recently went up to about $200 before it lost ground and is now selling at around $140. The price declines of various cryptos indicate the overall bearish trend of the crypto market.
Market analysts link this downfall to a major policy announcement by US President Donald Trump. He recently declared a 100 percent tariff on imports from China. This move triggered panic among traders and led to massive selling across crypto assets. Many traders now worry that this drop may mark the start of another four-year bear cycle. If this happens, the selling phase may last long and push Bitcoin even lower.
Institutional investors have also increased selling activity. More than 800,000 Bitcoins were sold in the past month. This heavy selling has added more pressure on Bitcoin’s already weak price. Investors fear that more large-scale selling could extend the decline.
Earlier this year, President Trump signed an executive order to create a strategic Bitcoin reserve. The order clearly states that taxpayer money will not be used to buy Bitcoin. This announcement created mixed reactions in the market. Some investors expected more government involvement, while others feared more regulations. The uncertainty has added another layer of anxiety for traders already worried about falling prices.
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