🔥 Gate.io Launchpool $1 Million Airdrop: Stake #ETH# to Earn Rewards Hourly
【 #1# Mainnet - #OM# 】
🎁 Total Reward: 92,330 #OM#
⏰ Subscription: 02:00 AM, February 25th — March 18th (UTC)
🏆 Stake Now: https://www.gate.io/launchpool/OM?pid=221
More: https://www.gate.io/announcements/article/43515
#MarketBottom
Market volatility surges as crypto strategic reserves and policy shifts take effect. BTC has dipped to $80,000, shaking the crypto market.
Why Is Bitcoin Falling?
Bitcoin's loss of 3.37% in the last week has caused uneasiness among investors. In particular, the daily trading volume has fallen by 53%, indicating that the market is weakening. Although whales have collected 22,000 BTC in the past three days, the price has declined instead of increased.
The Strategic BTC Reserve decree signed in the United States and the Crypto Summit at the White House created a great bullish expectation in the market. However, when investors failed to see concrete steps, the price of Bitcoin risked falling below $80,000.
Market Expectations and Macroeconomic Implications
Macroeconomic factors were also behind the decline in Bitcoin. New U.S. tariffs and non-farm payroll (NFP) data showed that the market is preparing for tight monetary policies. This, in turn, caused investors to exit risky assets.
In addition, the Strategic Bitcoin Reserve and Crypto Summit did not offer concrete steps, which led to expectations not being met. This decline in BTC also affected the altcoin market, with ETH, XRP, and BNB losing 3.24%, 6.38%, and 4.78%, respectively. If the selling pressure continues, there could be steeper declines for Bitcoin!
Critical Days for Bitcoin! Can the Price Go Below $80K?
Bitcoin traders should keep a close eye on price action in the coming days. If the selling pressure continues to increase, BTC could drop below $80,000 and trigger a larger bearish wave in the market. However, if whale buying continues and the market is supported by positive developments, BTC could have a chance to rise above $84,000 again. If Bitcoin loses the $80,000 support, it could fall to $77,000 in the short term.
If investors' buying interest does not increase, further selling pressure could be seen across the market. However, positive macroeconomic developments and strong whale buying could push BTC back towards the $85,000 level. The next few days will be decisive in terms of Bitcoin's short-term direction!
#Recent Crypto Market Insights# #BTC Included in Strategic Reserves# #F1 Speed Racing, Share $50K#