The post Bitcoin Price Decline Dominates, Ethereum Saw Below $ 2,000 – What Causes the Decline? Here is the Latest Situation appeared on BitcoinEthereumNews.com.

The cryptocurrency market experienced a sudden rise after Donald Trump announced the US Strategic Cryptocurrency Reserve, and the world’s largest cryptocurrency, Bitcoin, quickly rose above $90,000. However, the subsequent decline was just as rapid as the rise, with the BTC price losing 8% in the last 24 hours and trading at $82,327 at the time of writing. On the other hand, the decline was felt even more severely on the largest altcoin, Ethereum. ETH price lost approximately 11% in the last 24 hours and fell below $ 2,000. At the time of writing, it is trading at $ 2,021. ETH fiyatında yaşanan sert düşüşü gösteren grafik. The reason for the decline is the skepticism that has risen against this idea, as the cryptocurrency strategic reserve includes not only Bitcoin but also some other altcoins, and more importantly, the customs duties that Donald Trump has not backed down and implemented. Even the message from US Treasury Secretary Scott Bessent that they are determined to lower interest rates could not start any upward momentum in the market. With the decline, a serious liquidation wave was also triggered in the cryptocurrency market. In the last 24 hours, a total of $1.05 billion was liquidated in the cryptocurrency market, $872 million of which were in long positions. Graph showing liquidations in the cryptocurrency market in the last 24 hours. The cryptocurrency market will keep an eye on the economic data to be released this week, as well as the cryptocurrency conference that Donald Trump will attend on Friday. *This is not investment advice. Follow our Telegram and Twitter account now for exclusive news, analytics and on-chain data! Source: https://en.bitcoinsistemi.com/bitcoin-price-decline-dominates-ethereum-saw-below-2000-what-causes-the-decline-here-is-the-latest-situation/

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Filed under: News - @ March 5, 2025 1:27 am