Bitcoin experienced a decline below $84K due to uncertainties in interest rates and trade tariffs, affecting investor sentiment. Altcoins also followed suit, while technical indicators suggest critical support levels for BTC amidst ongoing volatility.

On Friday, Bitcoin (BTC) and the broader cryptocurrency market encountered renewed selling pressure due to uncertainties surrounding U.S. interest rates and increasing trade tariffs, leading BTC to slip 0.42% to $84,065. The market is experiencing heightened volatility as it struggles to maintain support. Altcoins such as Ethereum (ETH) and XRP mirrored this decline, with ETH sliding below the crucial $2,000 mark while XRP, despite a recent rally, witnessed a partial pullback but retained weekly gains.

In summary, Bitcoin and the wider crypto market are facing significant challenges driven by economic uncertainties, particularly concerning U.S. interest rates and trade tariffs. Investors’ sentiment remains subdued, leading to price slumps in major cryptocurrencies. Key technical levels for Bitcoin indicate potential for both upward and downward pressure, underscoring the need for traders to remain vigilant regarding macroeconomic developments.

Original Source: www.fxleaders.com

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