Bitcoin and altcoins experienced a sharp decline following the announcement of new customs duties by US President Donald Trump. BTC fell by 7.7% to $79,000, and Ethereum dropped to $2,100. The Fear and Greed Index also fell to a level of extreme fear. However, CryptoQuant CEO Ki Young Ju remains bullish on the market, stating that as long as BTC does not fall below $75,000, the bull cycle will continue. He believes that a 30% decline is normal in bull cycles and that the current bull cycle is not over. BitMEX co-founder Arthur Hayes warned of a further decline in Bitcoin in the short term, predicting a drop below $80,000.



Other News from Today