The crypto market is experiencing notable declines, particularly with Bitcoin dropping to $80,000 as investors pivot towards gold, viewing it as a safer asset amidst ongoing macroeconomic concerns. Analysts indicate that the lack of a government plan to buy Bitcoin and rising tariffs are driving this shift, leading many to regard Bitcoin as a risky investment. While sales volumes over the weekend were low, there remains speculation about potential recoveries as institutional buyers may soon enter the market.
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