Bitcoin Hits New Low Amid Market Uncertainty

In a startling turn of events, Bitcoin, the world's leading cryptocurrency, has plummeted below the $84,000 mark, reaching a new low since November 2024. This downturn comes in the wake of a significant security breach at Bybit, where a staggering $1.5 billion was stolen, sending shockwaves through the crypto community.

Global Tariffs and Crypto Market Sentiment

Adding to the market's woes, recent remarks by United States President Donald Trump regarding global tariffs have further dampened the appetite for digital assets. These developments have contributed to the volatile nature of the cryptocurrency market, with Bitcoin experiencing a 4.60% drop to $84,499 by 1:47 pm ET. Ethereum wasn't spared either, witnessing a 7.24% nosedive to $2,313.