Bitcoin Plummets Below $84K, Tariffs Blamed!? š±
Mark my words, ladies and gents, Bitcoin done tripped, fell, and landed smack dab at $83,544 on Friday. Blame it on them newfangled financial sorcery tricksāor good olā fashioned meddlingāfrom them Trump tariffs targeting Big Pharma. Add a pinch of inflation anxiety (30 years in the makinā!) and voilĆ , chaos is served. š²
The Great Bitcoin Tumble: A Financial Circus š
Over on the markets, cryptos were doing their best impression of a runaway horseābolting and bucking all the way down with Wall Street. By the time the dust settled, numbers looked like they got into a fight with a porcupine: poked full of losses. Marchās consumer sentiment data, trade showdowns courtesy of Trump, and inflationāoh my!āall decided to throw a rager together.
The crypto economy aināt looking too spry either, tumbling 4.14% in the past 24 hours and landing at a whopping $2.73 trillion (a small fortune for your average fellerābut a papercut for these markets). Bitcoin, holding the reins for 61% of that pile, is as stubborn as an old muleāstuck below the $84,000 mark like itās got chewing gum on its boots. Meanwhile, global cypto trading volumes hit $91.4 billion today, with Bitcoin causinā $31.53 billion of all that ruckus. Yeehaw.

Meanwhile, our friendly neighborhood `Fear-o-Meterā (CFGI) is coughing up a ā33/100ā scoreāwhere “fear” officially downgraded to āwe’re-all-gonna-dieā levels. As for Bitcoin’s trading partners, the heavy hitters include good olā USDT, FDUSD, and USD. But wait! South Korea jumped into sixth place with its wand-waving wizard money (Upbit says Bitcoinās sittin’ pretty at $85,113)āhigher than the worldās average. Guess they didnāt get the memo about crashing.
Much as it pains me to write it, Coinglass reports a hefty $445.25 million of liquidations today. Thatās a heap of folks crying into their morning coffees about lost derivativesāand BTC long traders accounted for $107 million of them. Now, I aināt no Wall Street feller, but when Bitcoinās moves start mirroring Wall Streetās, itās enough to make even the sturdiest cowboy reach for his whiskey bottle. š„
All told, the crypto herd wanders a rocky trail, caught between the storm clouds of inflation, sticky trade politics, and an unholy heap of speculation. Traders nowadays might be as nervous as a long-tailed cat in a room full of rocking chairs, but hey, maybe thatās what builds character, huh? Or maybe just migraines. Only time will tell. š¤·āāļø
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2025-03-29 00:27