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Home»ETHEREUM NEWS»If the sales of encryption deteriorate, the BTC will drop to less than $ 80K.
ETHEREUM NEWS

If the sales of encryption deteriorate, the BTC will drop to less than $ 80K.

By Crypto FlexsMarch 10, 20252 Mins Read
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If the sales of encryption deteriorate, the BTC will drop to less than $ 80K.
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Cryptocurrencies has extended its selling as a risk asset, including stocks in the early days of the United States on Monday.

Bitcoin (BTC), which has been buoyant by the $ 21 billion fundraising plan, has been bounce to about $ 84,000 in accordance with the $ 21 billion fundraising plan, which has fallen 3.8% over 24 hours. Ether Lee’s Block Chain’s ETH has slipped less than $ 2,000 to drop about 4%near the weakest price since November 2023.

The Broad-Market Coindesk Index has been reduced by 5%due to the loss between Solana’s Solana’s Sol, Cardano ADA and APTOS APT, Avalanche’s AVAX and 7%to 10%.

The ugly behavior in the encryption market occurred when the US stock index, which had already been kicked out, opened the state rapidly and weighed. NASDAQ fell by more than 3% at the beginning of the session and the S & P 500 decreased by 2%.

The crypto stocks also felt fever. The largest company BTC owners, MSTR (MSTR) and COIN (Crypto Exchange Coinbase) have lost more than 10%.

The cryptocurrency market, which is already behind the White House’s digital asset summit and President Donald Trump’s Bitcoin Protection Zone, is measuring the weight of the short -term positive catalyst, which is increasingly measured with concerns about the tariff war and the slowing economy.

Trump said the economy is in the “transition” stage, and Trump refused to exclude the recession this year in an interview with Fox News on Sunday.

Hedge Fund QCP said in a telegram broadcast, “The correlation between BTC and stocks is likely to increase until encryption finds a new story,” said in telegram. “Both risk assets are currently trading near the lowest point recently, and when tariff risks are still approaching, volatility can lead to major US macroscopic data release.”

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