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Yesterday morning, I noticed Bitcoin experienced another rapid decline, dropping nearly 4% within just an hour, falling straight from its high to around $91.9k. It has since rebounded somewhat. However, based on the latest market data, the overall trend still remains at a lower level.
Interestingly, this Bitcoin crash isn't just a crypto market event. At the same time, gold and silver futures opened sharply higher, hitting new highs, while Nasdaq futures fell by 1%. It seems the market is digesting some risk signals.
The background is that over the weekend, Trump made strong remarks again regarding the Greenland issue, fueling expectations of a trade war. The EU is already considering imposing tariffs on U.S. exports to Europe, involving up to 93 billion euros. Such geopolitical tensions indeed can cause market volatility, and Bitcoin's sharp plunge is partly related to this.
It appears that in the short term, market sentiment remains somewhat tense, and we need to continue observing subsequent developments.