The encryption market is in a state of complete panic with BTC drop to less than 80 thousand dollars; Check the living prices here

The Bitcoin price decreased to less than $ 80,000 for the first time since the beginning of the bull in November 2024. The BTC’s collapse (about 7.5 % in 24 hours) has led to panic and blood in the encryption markets and many expect more ventilation of the currency in the coming days.

Bitcoin is currently trading near $ 79,400 according to market data, as it returned to what it was, before Donald Trump won the US presidential elections, running for the support of Crypto Community. The BTC price increased from $ 100,000 supported by Trump’s victory in December 2024.

The last sale is largely followed by rapid confidence in the encryption market, as President Trump’s identification policies continue to get rid of it, coinciding with increasing the pressure pressure in the global stock markets. Customs tariff temptations begin next week in Canada and Mexico, while Trump is also planning an additional 10 % tariff in China.

addition Bitcoin as a strategic reserve.

After the decrease, the roof of the Bitcoin market died of more than $ 2 trillion in January to $ 1.57 trillion today. The global encryption market has decreased by 6.5 % over the past 24 hours with it now at $ 2.6 trillion.

Since its highest level ever is 109,114 dollars-it was marked on January 20-Bitcoin price has now decreased by 27.4 %, while more than 22 % fell alone last month.

Jason Petzo, an encryption and an investor dealer, has been involved in X that the price of bitcoin is currently testing a large level of 50 % since the American election pump. In trading, “50 % level” is a major threshold where the original price restores 50 % of the previous important step.

Betzo suggests that BTC is currently approaching this major decline by 50 % in the post -peak correction phase. This can be considered as a major support for bitcoin as a next step towards potential price recovery.

Also read: Bitcoin decreases by 11 %, but the analyst expects a huge return soon