The recent U.S. tariff announcement has sent shockwaves through major financial markets, with trading hitting its lowest levels since March 2020. Glassnode’s latest report reveals a significant slowdown in the inflow of funds into traditional digital assets, causing liquidity to shrink and presenting major challenges.
Bitcoin Faces Resistance Amidst Market Turmoil
The cryptocurrency market, including Bitcoin, is feeling the heat from the recent tariff news impacting global financial stability. With liquidity drying up and uncertainty looming, Bitcoin is facing key resistance levels as it navigates through the market turmoil.
📉 Why Did Bitcoin Drop?
Bitcoin’s struggle can be attributed to the overall market uncertainty triggered by the U.S. tariff announcement. The lack of funds flowing into cryptocurrencies is adding pressure, pushing Bitcoin towards crucial support levels.
⚡ What’s Next for Bitcoin?
As Bitcoin battles the headwinds caused by the tariff news, traders are closely watching key support levels around $102K. If Bitcoin fails to hold above this level, a further decline towards $100K could be imminent.
🤔 Should You Invest in Bitcoin Now?
With Bitcoin facing significant resistance, investors need to tread cautiously. Monitoring the $102K support level is crucial, as a breakthrough could signal further downside. Consider waiting for a clearer market direction before making any investment decisions.
Will Bitcoin recover, or is this just the start of a bigger crash? Share your thoughts below!
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