The cryptocurrency market experienced a sharp downturn today as global risk sentiment weakened following heightened trade tensions between the United States and China. Bitcoin fell by 8.1% in the past 24 hours, with traders reacting to political uncertainty. Analysts attribute this decline to macroeconomic factors that continue to exert significant control over short-term market behavior. Dogecoin’s price also dipped as traders reduced their holdings of risk assets following the broader selloff. This latest market pullback suggests a growing sense of caution and renewed volatility in all digital assets. While many cryptocurrencies are struggling, MAGACOIN FINANCE is exhibiting surprising resilience. This community-driven project is gaining momentum ahead of upcoming exchange listings. Investors and analysts believe it could become a hidden 50x altcoin due to strong whale support and early adoption. However, the short-term market outlook remains uncertain as Bitcoin’s price currently trades around $111,871 after falling from its recent peak of $125K. Technical analysis suggests that Bitcoin is near the $100,000 support level again, raising concerns about a possible retest of this crucial psychological barrier.