#bitcoin #BTC
📉 $BTC Falls Below $83,000: What’s Going on in the Market?
This morning brought “red numbers” for crypto investors. The price of Bitcoin (BTC) fell to $81,200, the lowest level since November last year.
🔍 The main reasons for the collapse:
1. US Fed decision: After the Federal Reserve left interest rates unchanged, investors began to massively exit risky assets.
2. Massive ETF outflow: In just one day, US investors won over $1 billion from spot crypto funds (BTC, ETH, $SOL and $XRP ).
3. Domino effect (Liquidations): Over $1.8 billion in margin positions have been liquidated over the past 24 years, which has exacerbated the decline.
4. Miner problems: Severe winter storms in the US forced major operators to reduce capacity. This led to the largest drop in the network hashrate since 2021.
📊 Crypto vs Gold
Interestingly, gold also recorded a sharp decline (wasting about $4 trillion in capitalization), but over the past year it has outperformed Bitcoin: +82% against gold vs. -20% in BTC.
🛑 What's next?
The price is currently trying to consolidate above $82,600. Kraken analysts warn that if Bitcoin cannot compete in the $83,500 zone, the next stop may be the psychological $80,000 mark.
