Bitcoin (BTC) has faced a significant downturn, plummeting from nearly $95,000 to approximately $80,000 in just one week. This decline represents one of its largest drops over the past year, largely triggered by recent U.S. economic data that has raised concerns about inflation and rising unemployment rates.
These factors have fostered a more cautious sentiment among market participants, overshadowing any temporary optimism sparked by President Trump’s comments regarding Bitcoin as a strategic reserve.