Bitcoin is less than 82 thousand dollars, raises the stagnation warning?

Bitcoin was bleeding constantly and decreased to less than 82,000 dollars this morning, reaching 81,565 dollars.

Bitcoin market price

The Bitcoin’s declining trend has paid its current price of $ 81,550.19, a 24 -hour decrease by 1.52 %. The maximum Bitcoin market is currently 1.61 trillion dollars, after the market size decreased 24 hours by 15.86 billion dollars, and it slipped to the tenth place after ARAMCO took over the Saudi roof, with a $ 1.76 trillion market roof, in the list of the most valuable assets.

The market size decreased 24 hours by 6.4 % last day.

One of the main factors that affect the path of Bitcoin is the expected American tariff rates. The United States is already working in a tariff war with countries such as China and Mexico, and its neighbor, Canada, has not escaped the rate of heavy tariffs. If this is not enough, the United States is preparing for the mutual tariffs in India on April 2. The government’s government tariff step has helped the dollar to become a little stronger, but bitcoin is still in the shade. Note that the current US dollar index is 103,829, which is still increasing by 2.54 % in the past six months.

Second, other macroeconomic factors such as PCE’s enlargement statistics played a role. The PCE inflation report for the month of February, which was released on Friday, showed a 2.5 % increase on an annual basis in prices, while the basic inflation was 2.8 %, which was slightly higher than expected. The numbers highlight that inflation is still a problem, and the American economy may face slowdown. According to the ATLANTA FED model in GDP, the US economy can shrink by 2.8 % in the first quarter, raising concerns about stagnation.

Amid these uncertainty, Bitcoin is just a reflection of the market condition.

Also read: Bitcoin price decreased to less than $ 85,000: collapse to $ 76,000 on the horizon?

Written by Rito Lavania

Ritu Lavania is a multi -use Web3 content creator with more than three years experience in the encryption space. It is part of the team in Cryptonewsz, where you write insightful and attractive content. She also contributed to Thecryptotimes and Coin Edition, where her work was well received by the encryption community. Maher in research, creative writing, senior economic officials, and job cooperation, creating content specifically designed for a varied audience. Population of education, devotes time to teaching children and expressing themselves through poetry. It always yearns for learning, constantly exploring new trends in Blockchain origin and digital assets. It strongly believes in telling stories to make complex encryption themes easier and attractive to readers all over the world.