Bitcoin’s post-Trump election rally, which began in November 2024, has stalled. On February 28th, Bitcoin experienced a substantial dip, falling nearly six percent on international exchanges to $80,020, a price point not seen since the rally’s inception. Indian exchanges mirrored this trend, reporting a five percent decrease in the past 24 hours, with Bitcoin trading around $85,135.
The CoinDCX research team attributes this slowdown to an escalation of the tariff war. Further details of their analysis regarding the impact of these tariffs on the cryptocurrency market were not included in this excerpt. The weakening rally suggests increased uncertainty and potential market corrections within the Bitcoin landscape following its initial surge.
