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The digital currency markets have faced a significant decline since yesterday; The drop is due to the sale wave for the profit, the pressure of the whales, the poor performance of the US labor market, and the new Trump administration tariffs.
According to data, the total value of the crypto market has fallen by more than 2.5 percent over the past 7 hours and has reached $ 1.5 trillion.
In the meantime, the price of Bitcoin fell to $ 4.9 a day with a sharp drop and is currently in the $ 2.9 range. Other large romances have also experienced a significant decrease.
According to Cryptoquant analysis, more than 2.5 bits were transferred to the currency exchange by short -term investors last day, and the whales have moved more than 5 Bitcoin, which may have been an attempt to sell them.
Bitcoin -based ETF funds (ETF) also saw a net outflow of $ 1.5 million.
On the other hand, poor employment data in the United States and new tariffs on more than 5 countries have intensified the inflationary perspective and increased policy ambiguities; Factors that all have put more downward pressure on the market.
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