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BTC RETREATED BY 25% FROM ALL-TIME HIGH LEVEL
Bitcoin tested below $80,000 today, falling 25% from the ATH level after the election victory.
The deterioration of risk perception in global markets and the $1.5 billion cyber attacks on Ether were the main factors that brought about a sharp decline and sales.
Furthermore, Donald Trump's tough policies and persistent tariff plans against Mexico, Canada, and China also affected the market fluctuations.
Stefan von Haenisch, "Given the macro environment, it's not surprising to see where we are" commented.
What do you guys think, is this decline a harbinger of steeper declines or a major pre-bullish correction?
Leave your ideas in the comments!
#BTC#