Why Bitcoin is Dropping? How low BTC price will drop
The bleeding in the cryptocurrency market does not seem to stop Nearly $700 billion It has been eliminated. Bitcoin has dropped from $99,000 to $79,000 over the past eight days, losing all the gains hyped around President Trump’s pro-Claytop policy. But what causes this sudden drop, the low point that Bitcoin can go?
Bitcoin hits a four-month low
Bitcoin is the largest cryptocurrency, falling more than 5% in the past 24 hours, hitting $79,263 four-month low. The main reason for this is due to President Trump’s tariff threats, which are growing fear in the market, which create economic uncertainty.
Meanwhile, the cryptocurrency fear and greed index has dropped to 21, the lowest level in nearly three years. This shows that many investors are afraid of the market and are uncertain.
Short-term holders lose more than $2 billion
Many of the recent losses to Bitcoin come from short-term holders (STH) who have sold panicked Bitcoin. Only in the last three days, these Holders lost $2.16 billion.
- Investors who bought Bitcoin last week lost $927 million.
- Those who bought last month lost $678 million.
- Holders who own Bitcoin for one to twelve months lost $257 million.
- Even those who bought in the past 24 hours lost $322 million.
This shows that many new investors are losing confidence and rushing to sell.
Meme coins under regulation pressure
USA SEC recently said meme coins Not a securities. While this sounds like good news, it gets worse. Many meme coins rely on hype and social trends, and as Bitcoin declines, meme coins collapse, causing more panic to the market.
Disappointed by Trump’s cryptocurrency commitment
Bitcoin’s decline is also related to the disappointment of President Trump’s crypto plan. Many investors expect strong pro-Clapt policies, but the situation changes slowly than expected. This has led to sales pressure on the cryptocurrency that Trump supports to acquire.
Altcoins also suffered heavy losses
The decline in Bitcoin has affected the entire market. Other major cryptocurrencies have also declined. Ethereum (ETH) fell 7.5%, XRP fell 8.2%, and Solana (Sol) fell 9%. This shows that investors are losing trust in the crypto market.
How low can Bitcoin go?
The price of Bitcoin has fallen worries traders. Some believe Bitcoin needs to fill the nearly $80,000 gap before it recovers. At the same time, encryption Analyst Alphabtc believes If Bitcoin fills this gap, it could start a new rally. However, if this is not the case, the price could drop further to $73,000.
Meanwhile, Bitcoin Options data show that more and more traders are betting on Bitcoin to drop to $70,000. This suggests that some investors think the market may get worse.
