Overview
- Bitcoin dropped over 2% on Sunday, reversing recent gains, and is now trading near $83,482 in early Monday trading.
- President Trump clarified that Chinese-made electronics remain subject to tariffs, heightening market uncertainty and weighing on digital assets.
- Ethereum fell below $1,600, with altcoins also under pressure, reflecting broad-based declines in cryptocurrency markets.
- Analysts warn that Bitcoin breaching the $81,000 support level could trigger leveraged liquidations and intensify market volatility.
- Blockchain analytics suggest a narrowing gap between Bitcoin's futures and spot prices, potentially signaling returning buyer confidence and a bullish wave.