| Cryptocurrency | Price (USDT) |
|---|---|
| BTC | $107248.0200000000 |
| ETH | $2426.0660000000 |
| BNB | $646.5392900000 |
| XRP | $2.1985780000 |
| ADA | $0.5601629000 |
| SOL | $147.0292000000 |
| DOGE | $N/A |
| DOT | $3.3586800000 |
| LTC | $85.7900000000 |
| LINK | $13.1716100000 |
Category: CRYPTO NEWS
The post Bitcoin Faces Three-Week Low Amid Macro Risks and Bybit Hack Concerns appeared on BitcoinEthereumNews.com. Bitcoin hits a three-week low as macroeconomic uncertainties, including tariffs and tech stock losses, shake investor confidence in the crypto market. The world’s largest cryptocurrency witnessed a significant drop of 5% to $91,000 as a sell-off in tech equities and new trade tensions unfold. “Tariffs are somewhat inflationary, but they have a greater impact on slowing growth,” said Ryan McMillin, chief investment officer at Merkle Tree Capital, highlighting the broader economic impact. Bitcoin experiences a three-week low amidst tariff tensions and tech stock declines, signaling potential risks for crypto investors. Bitcoin and Broader Market Trends Amid Economic Challenges As Bitcoin declines to a three-week low, surrounding factors such as tariff-related concerns and falling tech stocks have significantly impacted investor sentiment. The leading cryptocurrency fell by 5% to $91,000, with Ethereum reflecting an 11% drop to $2,500 according to CoinGecko. These fluctuations are largely tied to a broader risk-off atmosphere in global markets, exacerbated by uncertainties around U.S. tariffs on imports from Canada and Mexico, further ignited by instability in equities, particularly within technology sectors. Tariff Impacts and Economic Growth Concerns U.S. President Donald Trump’s recent confirmation to proceed with tariffs has made an imprint on market dynamics, reviving fears of inflation and its corrosive effect on economic expansion. Joe McCann, founder of crypto-focused firm Asymmetric, stated, “Tariffs pay for the tax cuts. To me, there’s not much new here.” His insights suggest that the market might be primed for ongoing volatility as fiscal policies evolve. In this context, notable indexes like the S&P 500 and the Nasdaq have responded uneasily, further reflecting the intricate link between cryptocurrency movements and macroeconomic news. Liquidation Crisis and its Aftermath on Crypto In the past 24 hours, over $686 million in leveraged crypto positions were liquidated, amplifying the downward momentum in the cryptocurrency market.…
2025-02-25T03:43:37+00:00