Bitcoin Price Drop to $70,000 Predicted as Uncertainty Shakes Crypto

The cryptocurrency market experienced a sharp downturn with Bitcoin plummeting 9% in the past 24 hours, crashing to $76,379. Analysts like Michaël van de Poppe warn of further declines, forecasting a fall to $70,000 as macroeconomic uncertainty and trade tensions create investor anxieties. Despite this volatility, Bitcoin’s hash rate is soaring, reaching unprecedented levels, indicating robust network security amidst price fluctuations.