"The current decline in Bitcoi

"The current decline in Bitcoin's price is attributed to several factors. Firstly, the global market uncertainty caused by the proposed tariffs by US President Donald Trump on several countries has led crypto investors to be cautious and avoid the market.

Secondly, the decline in US stock prices has also impacted Bitcoin's price. The S&P 500 index fell nearly 2% on Friday, its biggest decline in two months.

Thirdly, security breaches on crypto platforms, such as the Bybit hack, have also worsened market sentiment. This hack highlighted the existing security issues in the crypto industry.

Lastly, the decline in liquidity and the liquidation of long positions have also contributed to Bitcoin's price decline. According to Coinglass data, approximately $4.7 billion has been wiped out of the crypto market in the last 24 hours, with most losses coming from long positions."

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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