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Analyst: Trump Tariffs Re-emerge as Market Focus, Asian Market Risk Aversion Persists, Causing Bitcoin to Fall Below $80,000

5 hours ago

On February 28th, the Coindesk analyst Omkar Godbole stated that Bitcoin (BTC) dropped below the SMA200 moving average line on Friday, with a weekly decline of 16%. Due to renewed worries about U.S. tariffs and an increased demand for the dollar, the price of Bitcoin briefly fell below the $80,000 mark for the first time since November 10th. On Thursday, Trump announced that he intends to impose tariffs on Canada and Mexico starting from March 4th and double the 10% universal tariff on Chinese imports. In a report to clients on Thursday, the Dutch International Group (ING) said, "We anticipate that U.S. tariffs will once again become the focus and drive the continuous strengthening of the dollar." The dollar index rose to 107.30, continuing its trend of rebounding from a low near 106.15 on Wednesday.
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Bybit Hosts Zodiac-Themed Cryptocurrency Trading Competition, with 12 Zodiac Teams Competing for a Million USDT Prize Pool

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OKX Web3 Wallet Cryptopedia Issue 30 is currently in full swing

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Bybit will launch the VELODROME U Perpetual Contract

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Bitcoin Drops Below $79,000, 24-hour Loss Extends to 8.64%

On February 28th, according to HTX market data, Bitcoin fell below $79,000 and is currently trading at $78,977, with a 24-hour price decline of 8.64%.

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An address was liquidated for 626.63 WETH, worth approximately $1.32 million.

On February 28th, as per PeckShield's monitoring, the address "0xde56...3a91" was liquidated on the blockchain 11 minutes ago. The liquidation size was 626.63 WETH, which was approximately valued at $1.32 million.

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