Why Bitcoin Dropped to $91K: Trump Tariffs and Market Chaos Explained
📉 Bitcoin Drops to $91,231—Here’s What Happened!
🔹 Biggest Market Liquidation Since 2022! Traders lost over $2.25 billion as Bitcoin and altcoins crashed.
🔹 Trump’s Tariffs Spark Global Selloff! U.S. President Donald Trump’s trade tariffs on Canada, Mexico, and China shook global markets, pushing Bitcoin down nearly 3% in one day.
🔹 Stock Market in Red! Global indexes plunged:
- STOXX 600: 📉 -1.30%
- Nasdaq 100: 📉 -1.61%
- S&P 500: 📉 -1.36%
- Dow Jones: 📉 -1.22%
🔥 Key Takeaways
✅ Bitcoin hit $91,231 but bounced back above $95,000.
✅ Bitcoin dominance surged to 60%, while Ethereum dropped from 17.3% to 10.9%.
✅ US states, including Illinois, plan to hold Bitcoin reserves—a sign of long-term crypto adoption!
📊 What Experts Say
💬 Nick Forster (Founder, Derive.xyz):
📢 “Expect more volatility! However, long-term growth is likely in 2025.”
💬 Tim Ogilvie (Global Head, Kraken):
📢 “If inflation rises, Bitcoin could become a safe-haven asset like gold.”
📌 Looking Ahead
🔹 If the Federal Reserve delays rate cuts, crypto markets may struggle.
🔹 If inflation increases, Bitcoin could gain as an alternative store of value.
🔹 Short-term volatility, but long-term optimism remains for crypto!
📊📉 Are you buying the dip or waiting for more corrections? Let us know your thoughts! 🚀