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Main Michael

@mainmichael

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Bitcoin’s Recent Dip: What’s Behind the Drop? Bitcoin recently fell below $90,000, marking a sharp decline influenced by both economic and industry-specific factors. πŸ”Ή Macroeconomic Factors Trade Tensions: President Trump’s announcement of a 25% tariff on Canadian and Mexican imports has sparked fears of a trade war, affecting investor sentiment. Inflation & Interest Rates: The Federal Reserve’s reluctance to cut interest rates has made riskier assets like crypto less attractive. πŸ”Ή Crypto-Specific Events Bybit Hack: A security breach at Bybit led to a $1.5 billion Ethereum theft, shaking investor confidence. Memecoin Collapse: The crash of several high-profile memecoins has fueled skepticism around speculative assets. These combined pressures have contributed to Bitcoin’s recent downturn. Are we in for more turbulence, or is this a buying opportunity? Let’s discuss! #Bitcoin #CryptoNews #MarketTrends
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