In recent days, Bitcoin's price has experienced a significant decline

In recent days, Bitcoin's price has experienced a significant decline, raising concerns among investors and analysts. As of this writing, Bitcoin is priced at $85,299, a 14.68% decrease from the previous close. The intraday high reached $87,260, while the low was $82,464.

Several factors have contributed to this downturn. Firstly, the recent hack of the Bybit exchange, resulting in the theft of $1.5 billion in cryptocurrency, has undermined confidence in the security of digital assets. Secondly, economic uncertainty stemming from President Trump's protectionist trade policies, including plans to impose a 25% tariff on imports from Canada and Mexico, has heightened investor concerns, leading to a withdrawal from riskier assets. Lastly, the slower-than-expected implementation of pro-cryptocurrency policies has negatively impacted investor sentiment.

Analysts caution that Bitcoin's price may decline further, pointing to a support level around $70,000. However, clear and concrete cryptocurrency policies, including potential new regulations and the establishment of a national digital asset reserve, are necessary for market recovery.

Despite current challenges, Bitcoin remains 64% higher than a year ago, when it was valued at $54,479. This indicates the cryptocurrency's long-term potential despite short-term market fluctuations.