Bitcoin Plummets: Market Concerns Mount Amidst Trade Deficit Rise and AI Volatility

Bitcoin recently hit a fifty-day low, plunging below the crucial threshold of $108,000. This unexpected decline, fueled by market turmoil and a surge in trade deficit concerns, has sparked fears among investors about potential macroeconomic impact. Liquidations of leveraged long positions amounted to $137 million during this period. 1.2% decrease in the Nasdaq 100 index further amplifies this discussion, leading analysts to ponder whether Bitcoin’s drop is solely a result of market trends or if it connects to broader economic factors.