The post Bitcoin slides below $80K: How, why, and what next for BTC’s price? appeared on BitcoinEthereumNews.com.

BTC’s price tumbled over 5%, driven by regulatory uncertainty, institutional repositioning, and security concerns in the crypto space. Accumulation patterns showed that investors were still engaging, with new demand zones forming between $84K–and $92K. Bitcoin [BTC], the world’s largest cryptocurrency by market value, has experienced a significant decline, falling over 5% to a three-and-a-half-month low. As of the 28th of February, Bitcoin was trading below $80,000 for the first time since the 11th of November 2024.  This downturn is influenced by uncertainties surrounding U.S. President Donald Trump’s impending tariffs and crypto policies. This was accompanied by diminished investor confidence following a substantial $1.5 billion hack involving Ethereum [ETH]. Factors contributing to the Bitcoin slide Several key factors have contributed to Bitcoin’s recent slide: Policy Uncertainty: President Trump’s announcement of a 25% tariff on imports from Canada and Mexico, set to commence on the 4th of March, has introduced significant uncertainty into global markets. This policy move has raised concerns about potential inflation and its impact on economic growth. It has led investors to reassess their positions in risk-sensitive assets, including cryptocurrencies like Bitcoin. Security Breaches: The cryptocurrency market’s confidence was further shaken by a massive security breach, where hackers stole approximately $1.5 billion worth of ETH from the Bybit exchange. This incident, described as the largest crypto heist to date, has heightened apprehensions regarding the security of digital assets and the platforms that support them.  Investor Sentiment: The initial optimism following President Trump’s election, fueled by expectations of a crypto-friendly regulatory environment, has waned. The absence of concrete policy developments, such as the anticipated establishment of a strategic Bitcoin reserve, has led to a cooling of the market euphoria that previously drove prices upward. Insights into investor behavior Despite the recent slides, on-chain data revealed notable accumulation trends among Bitcoin…

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Filed under: News - @ February 28, 2025 9:26 pm