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Bitcoin, Ethereum reel as recession fears erase $906 million from traders – TON BOT

Bitcoin, Ethereum reel as recession fears erase $906 million from traders

Bitcoin and the wider crypto market have experienced a significant drop in prices due to macroeconomic concerns, with BTC falling 2.2% to $81,376 and ETH dropping 10% to $1,760. Other major assets like SOL, XRP, ADA, DOGE, and BNB also recorded losses. The sell-off led to $906 million in liquidations, with fears of a recession being the main driver. Trump’s comments on a potential recession have further fueled market anxiety, with technology stocks and cryptocurrencies being hit hard. The market has shed $1.3 trillion since its peak in December, with a 35% drop in the last three months. Analysts suggest that the market remains vulnerable to further declines, but traders may try to buy the dip. BitMEX co-founder Arthur Hayes predicts Bitcoin could find a bottom around $70,000.


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