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Analyst: Bitcoin falls below $80,000 as market concerns about US tariffs re-emerge and demand for US dollars increases

2025-02-287898 Views

Coindesk analyst Omkar Godbole stated that Bitcoin (BTC) fell below the SMA200 moving average line on Friday, with a weekly decline of 16%. Due to renewed concerns about U.S. tariffs, demand for the U.S. dollar increased, causing the price of Bitcoin to briefly fall below the $80,000 mark for the first time since November 10.

Analyst: Bitcoin falls below $80,000 as market concerns about US tariffs re-emerge and demand for US dollars increases

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