Overview

• 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.