Inflation Fears and Trade Turmoil Push Bitcoin's Price Below $84K
Portfolio Pulse from
Bitcoin experienced a significant downturn, dropping to $83,544 due to rising inflation expectations and market uncertainties. The crypto economy contracted 4.6% to $2.53 trillion, influenced by consumer sentiment data showing the highest long-term inflation projections since 1995 and potential trade tensions.
March 28, 2025 | 9:30 pm
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Bitcoin price dropped to $83,544, reflecting broader market concerns about long-term inflation and potential trade disputes. The cryptocurrency showed increased correlation with stock market volatility.
Bitcoin's price is directly impacted by rising inflation expectations, market volatility, and potential trade tensions. The 4.6% crypto economy contraction and correlation with stock market trends suggest a bearish short-term outlook.
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