$BTC
$BTC Bitcoin has lost all its gains since Donald Trump's election in 2024, with its price dropping below $61,000. This decline is attributed to market volatility, liquidity issues, and investor concerns about tech valuations and US Federal Reserve rate cuts. Analysts say selling pressure and macro uncertainty are affecting crypto markets, resulting in high volatility. ¹ ² ³
*Key Factors Contributing to the Decline:*
- _Market Volatility_: Bitcoin's price has been fluctuating due to uncertainty in the market.
- _Liquidity Issues_: Reduced liquidity is causing sharper price movements.
- _Investor Concerns_: Worries about tech valuations and Fed rate cuts are impacting investor sentiment.
- _Trump's Crypto Policies_: Despite Trump's pro-crypto stance, his policies haven't stemmed the price decline.
Some analysts believe the worst may be over, while others predict further drops. Would you like to know more about Bitcoin's price predictions or the impact of Trump's policies on crypto markets?