Bitcoin briefly dipped below the $80,000 mark before rebounding in a broader decline in the crypto market and amid the ongoing US tariff war. Its market capitalization has fallen to $1.6 trillion, and its declining market volume suggests fewer investors are willing to buy the dip. Some believe this is a natural part of crypto's volatility, while others fear a prolonged bear market. BitMEX co-founder Arthur Hayes predicts another sharp decline that could push Bitcoin below $80,000, followed by a period of calm. Bitcoin's creator, Changpeng Zhao, reassures traders that Bitcoin is not dying despite the drop.
Content Editor ( cryptonewsz.com )
- 2025-02-28
Bitcoin Briefly Falls Below $80K: A Storm Before the Calm for BTC?
