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Why Bitcoin Price Is Crashing Today Amid Global Market Turmoil

  • Bitcoin has tumbled below the $75,000 mark, with total weekly losses over 11% amid mounting fears of a global recession and U.S.-China trade tensions.
  • The immediate trigger for the price crash was the aggressive 104% tariff imposed by President Trump on Chinese goods.
  • Bitcoin's sensitivity to macroeconomic instability is evident as institutional activity saw significant outflows, contributing to the downward momentum.
  • Analysts warn that the current situation resembles late 2018, with a weakening economy and rising bond yields posing as a global threat.

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