# CRYPTOMARKETUPDATE

The crypto market is facing a downturn due to several factors.
Here's a full update:
- Escalating trade wars and tariffs imposed by the US government have led to increased market volatility .
- Massive long liquidations ($257 million in 24 hours) have amplified the sell-off, with Bitcoin and Ethereum being heavily affected .
- A prevailing bearish technical setup, including a rising wedge pattern, signals a potential further downturn .
- Global economic uncertainty and fears of inflation have also contributed to the decline .
- Crypto market capitalization has dropped by 0.91% to around $2.77

The price of Bitcoin has not shown any serious momentum so far in 2025 besides briefly surpassing the $108,000 level in mid-January. On the contrary, the flagship cryptocurrency has suffered some significant corrections over the past few weeks.
The most recent pullback saw the BTC price heavily slump toward $92,000 after US President Donald Trump introduced new trade tariffs on Canada, Mexico, and China earlier this week. While the Bitcoin price quickly recovered above $100,000, it has since struggled to sustain any bullish momentum — currently trading around $96,500.
#CRYPTO MARKET UPDATE #B