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Cryptocurrency: Bitcoin down 4.5%

19/03/2025
Source : ORISHAS FINANCE
Categories: Economy/Forex

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Bitcoin falls, reaching its lowest level near $82,000.

Exchange-traded funds and equity futures fell before the bell on Tuesday as investors were cautious ahead of the Fed meeting.

Bitcoin recently fell by 4.5%, reaching the $82,000 threshold. This drop follows a wave of volatility that shook the cryptocurrency market. It is triggered by President Donald Trump's executive order to create a Strategic Bitcoin Reserve in the United States. The decline in Bitcoin is closely linked to the announcement of the United States Strategic Bitcoin Reserve, following an executive order signed by President Trump on March 7. This reserve will be financed by Bitcoins seized in government criminal cases style="font-family: "Bookman Old Style”, serif">, rather than by buying Bitcoin directly on the market. Some experts, like BitMEX co-founder Arthur Hayes, warn style="font-family: "Bookman Old Style”, serif"> that Bitcoin may not have hit its low point yet. With key Bitcoin options around $70,000 to $75,000, Hayes suggests that Bitcoin could fall further, possibly testing the $78,000 support level

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