RaghuramBollam
@raghuram
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Bitcoin Price Pullback and Market Sentiment
Bitcoin (BTC) has experienced a significant pullback, currently down 22% from its all-time high of $109,000, which it reached on January 20, 2025. As of late March, Bitcoin was trading at around $85,925, reflecting a 1.8% decline over a 24-hour period. This drop aligns with broader market concerns, including fears of a potential trade war fueled by U.S. President Donald Trump’s latest tariff decisions targeting goods from Canada, Mexico, and China, set to take effect today, April 2, 2025. These tariffs have introduced volatility, with some analysts noting that Federal Reserve Chair Jerome Powell’s comments on the “transitory” nature of tariff-related inflation have done little to calm crypto investors. Despite the dip, historical patterns from 2017—when Bitcoin rose from $1,000 to $20,000 despite pullbacks—offer some optimism. Analysts suggest Bitcoin has a 75% chance of hitting new highs within the next nine months, with short-term whales 0 reply
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