Bitcoin's recent drop below $87,000 has raised concerns about its future trajectory. Altcoins are also seeing price declines as wider market concerns about consumer confidence and inflation affect both the stock and cryptocurrency markets. The market is further complicated by new tariffs the US government is planning, which adds additional pressure. Experts believe that Bitcoin's current performance mirrors previous market corrections and if the downtrend continues, it could experience a drop similar to the previous bear market. Bitcoin's volatility remains within historical norms, and there is a strong link between Bitcoin and broader financial markets. Despite short-term volatility, experts remain positive about Bitcoin's long-term prospects as an alternative to fiat currencies.



Other News from Today