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🪙 Bitcoin Slips Below $93K in Crypto Selloff, but Trader Sees Short-Term Bounce
Bitcoin's price has fallen below $93,000, dropping nearly 10% in two days and erasing most of its early 2025 gains. The selloff was driven by strong U.S. economic data, rising bond yields, and inflation concerns, alongside uncertainty about President-elect Trump's tariff policies. As a result, Bitcoin hit a low of $92,600 before recovering slightly to around $94,300.
The broader cryptocurrency market also suffered, with notable losses in other assets like Cardano (ADA) and Render (RNDR
#GT
🪙 Bitcoin Slips Below $93K in Crypto Selloff, but Trader Sees Short-Term Bounce
Bitcoin's price has fallen below $93,000, dropping nearly 10% in two days and erasing most of its early 2025 gains. The selloff was driven by strong U.S. economic data, rising bond yields, and inflation concerns, alongside uncertainty about President-elect Trump's tariff policies. As a result, Bitcoin hit a low of $92,600 before recovering slightly to around $94,300.
The broader cryptocurrency market also suffered, with notable losses in other assets like Cardano (ADA) and Render (RNDR
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