BTC

Bitcoin Faces Major Setback Amid Tariff Concerns

Newsroom

28 Feb 2025

Bitcoin Experiences Significant Drop

Bitcoin's Decline: A Three-Year Low

Bitcoin (BTC) is experiencing its most significant downturn in three years, as the cryptocurrency plummets by 22%. The decline is attributed to tariff impositions by President Donald Trump on key U.S. trading allies, sparking fears of increased inflation and creating uncertainty around interest rate reductions. This environment has dampened the enthusiasm for riskier investment options.

Current Trends and Historical Context

The last significant drop comparable to this recent fall was observed in June 2022, when Bitcoin's value decreased by over a third. The current week alone has contributed to an 18% plunge, marking the steepest weekly decline since mid-November of the same year.

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XRP Price Consolidates as Key Levels Hold

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XRP: Current Situation, SEC Negotiations and Positive Market Signals

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