📉 Cryptocurrency Market Struggles Amid Bitcoin and Ethereum Price Drops

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🔍 Key Highlights:

• Bitcoin has declined to $74,500, approaching key long-term support levels.
• Ethereum has fallen below $1,380, its lowest point since late 2023.
• Short-term holders have lost approximately $1 million per hour due to panic selling.

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The cryptocurrency market is facing strong downward pressure following rising tariff tensions, which have triggered a wave of sell-offs. Bitcoin dropped to $74,500, while Ethereum plunged to $1,380 amid the broader market downturn.

The recent dip pushed Bitcoin below several key moving averages, indicating weakening momentum in the market. This shift has caused notable losses for short-term traders, fueling even more volatility.

📊 Bearish Pressure Hits the Crypto Market

Both Bitcoin and Ethereum experienced sharp declines following the announcement of new trade tariffs. After a strong start to the year, BTC has now pulled back to a local low of $74,500. Similarly, ETH fell to $1,380, a price level not seen since late 2023.

As global economic uncertainty continues to rise, investors and traders are closely monitoring market signals for signs of a rebound—or further losses.