Bitcoin Price Plummets Below $85K Amidst Market Uncertainty

Bitcoin’s price has experienced a significant downturn, plummeting below the key level of $85,000. This decline triggered substantial liquidations in the crypto market, exceeding $400 million and wiping out over $116 million in Bitcoin long positions. The drop follows new trade regulations issued by former US President Donald Trump, alongside waning marketplace interest. The recent sell-off has further heightened investor concerns as wallets linked to the U.S. government transferred a significant amount of Bitcoin (97 BTC) and Ethereum (884 ETH), fueling speculation about potential market instability.