The Bitcoin price has experienced significant fluctuation, dropping 12% due to market volatility. The cryptocurrency market has also seen a decline of 11.8%, losing around $410 billion in valuation. Speculation surrounding a potential tax relief announcement by former US President Donald Trump at the upcoming Crypto Summit has raised questions about whether this news could trigger a Bitcoin rally and aid in the recovery of its recent highs. The article highlights the need to analyze the latest developments to determine the future trajectory of Bitcoin's price.



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