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bitcoin falls below 80000 amid tariff fears and major hack

Bitcoin has dropped over 5% to a 3-1/2-month low of $79,666, influenced by uncertainty surrounding President Trump's tariff plans and a significant $1.5 billion hack of ether. The cryptocurrency has lost a quarter of its value since mid-December, as investor confidence wanes amid broader economic concerns and a sell-off in tech stocks. The recent hack and geopolitical tensions have further dampened enthusiasm, making it challenging for investors to remain optimistic about Bitcoin's prospects.
gulfbusiness.com
ARE USA CAN MEX CHN Joshua Chu Reuben Conceicao Kyle Rodda Show more
Finance & Economy, Market Report
05:08 28.02.2025
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