Bitcoin Price Plunges Amidst Global Economic Uncertainty

Recent data reveals that Bitcoin prices have experienced a notable decline, settling around $83,000 after hitting a peak of $88,500 in late March. This drop can be attributed to heightened political tensions and growing economic anxiety impacting market sentiment. Analysts point to rising global uncertainties as the primary driver behind the recent price correction. Experts also highlight the potential for increased volatility due to the US dollar’s vulnerability as a result of high national debt levels and budget deficits.