Bitcoin price decreased to 83.4 thousand dollars – Should BTC merchants expect a fast recovery?
Economic uncertainty, upcoming profits for NVIDIA, and large BTC delusion negatively press Bitcoin.
Bitcoin (BTC) fell to $ 83,500 on February 26, which represents its lowest price since November 2024. This decrease of $ 12,820 over a period of three days, more than a billion dollars of long positions with benefiting from this, based on Codinglass data. Analysts refer to the increasing fears of global economic stagnation as the main driver of this landmark. However, the pressure of the derivative markets and the profits of the weakest companies also maintains less than $ 90,000.
The sale is compatible with US President Donald Trump’s news to pressure customs duties on imports from Canada and Mexico. This investors have pushed a long -term US cabinet for safety. Even gold, which is often seen as a trusted store during unconfirmed times, decreased by 2.2 % in two days. He decreased from the highest level ever at $ 2,956 on February 24, reflecting the broader market.
Gold/US dollar (left) against Bitcoin/US dollar (blue). Source: TradingView
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