Bitcoin Falls Below $87K as Economic Concerns Shake Markets
Cryptocurrency prices and tech stocks decline as fears over tariffs, inflation, and consumer confidence weigh on investors.
- Bitcoin's price dropped below $87,000, marking a 20% decline from its all-time high of $109,000 last month.
- Economic uncertainty, including inflation fears and President Trump's decision to move forward with tariffs on Mexico and Canada, has contributed to the sell-off in cryptocurrencies and tech stocks.
- Consumer confidence in the U.S. fell more than expected in February, with a key measure signaling potential recession risks ahead.
- Major tech stocks like Nvidia and Tesla saw significant declines, while traditional safe-haven assets like Treasury bonds attracted investors.
- Analysts predict Bitcoin could fall further, with some forecasting a bottom near $80,000 as outflows from Bitcoin ETFs increase.
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