Bitcoin has fallen by more than 5% to $79,666, marking its lowest point since November. This decline is attributed to uncertainties surrounding President Trump’s tariff plans and a major hack in the cryptocurrency sector. Investor confidence has been shaken, with Bitcoin shed a quarter of its value since mid-December.

On Friday, Bitcoin experienced a considerable decline of over 5%, reaching its lowest level in three and a half months at $79,666. This downturn was primarily influenced by uncertainty surrounding U.S. President Donald Trump’s tariff policies and the recent $1.5 billion hack of Ethereum competitor, Ether. As a result, Bitcoin fell below $80,000 for the first time since November 11, reflecting waning investor confidence.

In summary, Bitcoin’s significant price drop highlights the impact of macroeconomic factors on the cryptocurrency market. Investors are grappling with uncertainties regarding U.S. tariffs, economic stability, and security breaches in the crypto space. As Bitcoin continues to navigate these challenges, its recovery remains contingent on developments in both regulatory practices and market sentiment.

Original Source: arynews.tv

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