Bitcoin price has dropped below $80,000, dragging the broader market down with it. With $1 trillion wiped out in just a month, inflation worries and Federal Reserve
Bitcoin price dropped below $80,000 on Wednesday, contributing to a broader sell-off that has seen $1 trillion wiped out from the crypto market in just a month.
The crypto downturn has been linked to macroeconomic worries, including inflation and uncertainty surrounding the Federal Reserve’s actions. BlackRock CEO Larry Fink recently pointed out that rising trade tensions could drive up costs, impacting the Fed’s monetary policy.
While February’s inflation rate showed signs of easing, analysts warn that tariffs and market instability might keep prices elevated. Investors are likely to remain cautious until signals from the Fed or White House indicate changes in the economic outlook.
Despite recent rebounds in the stock market, crypto markets, including Bitcoin, haven’t yet managed to regain significant momentum.
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