Bitcoin's Downward Spiral Continues

On a recent Tuesday, Bitcoin's value took a significant hit, falling below the $90,000 mark, a price point not seen since November 2024. This decline is part of a continuing trend that has investors on edge.

Global Economic Policies Impact Crypto Markets

The drop in Bitcoin's value is closely linked to recent statements by United States President Donald Trump regarding the imposition of tariffs on goods from Mexico and Canada, set to take effect on March 4. The uncertainty surrounding these tariffs and their potential impact on the global market has fueled pessimism among crypto investors.

Ethereum Also Takes a Hit

Not just Bitcoin, but Ethereum also experienced a sharp decline, plummeting by nearly 6% to sell at $2,363,7623. This simultaneous drop highlights the volatile nature of the cryptocurrency market in response to global economic policies.