Bitcoin Tumbles as Investors Remain Cautious
Bitcoin (BTC) fell to $80,000 on Sunday, continuing its pattern of weekend declines. The cryptocurrency’s struggles have left it dangerously close to its 2025 low of $78,000, prompting concerns among investors. By 7:00 pm ET, BTC had lost 7% in the past 24 hours but managed a modest rebound to $80,700.
Crypto Market Takes a Hit Alongside Bitcoin
The broader cryptocurrency market followed suit, with Ethereum (ETH), Solana (SOL), and XRP (XRP) registering similar losses. Cardano (ADA) and Dogecoin (DOGE) faced even heavier declines, each dropping nearly 12%. Market analysts believe that worsening investor sentiment and economic uncertainty are driving the pullback.
Trump’s Economic Strategy Sparks Debate
In a Fox News interview, former U.S. President Donald Trump acknowledged the potential economic disruptions caused by his policies. He emphasized that his measures were aimed at building a stronger foundation for the future, even if they caused short-term pain. Some analysts likened his approach to that of Paul Volcker, the former Federal Reserve Chairman who raised interest rates dramatically to control inflation, leading to a temporary recession. Meanwhile, U.S. stock index futures fell 0.85% in early evening trading, reflecting market unease.
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