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Trump Induced Economic ‘Death Spiral’ Sends Bitcoin Below $80k as Analysts Weigh In

  • Bitcoin fell below US$80k, contributing to a massive liquidation of 330,000 traders totaling nearly US$938 million as the Fear-and-Greed Index firmly remains in 'Extreme Fear' territory.
  • President Trump acknowledged potential 'short term pain' as his administration works to 're-wire' the US economy through controversial tariff policies.
  • Analysts report approximately US$5.5 trillion has been wiped from financial markets, with one describing trading as feeling like 'an absolute death spiral'.
  • While Trump's tariffs are blamed as a major factor, some analysts argue the market decline stems from a broader and sudden shift in risk appetite, though many commenters directly attribute the downturn to the tariff policies.

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