Bitcoin Tests US$60K Support as Tariffs and ETF Outflows Pressure Sentiment
75% of users on expect Bitcoin to fall to US$55,000 as bets on that outcome reach US$1.2m. Since January, Bitcoin has lost about US$440 billion in value, while the broader crypto market has shed roughly US$760 billion. Market sentiment has dropped into extreme fear, and analysts now debate whether US$55,000 marks the final bottom or if deeper losses lie ahead.
The total fell 4% to US$2.2 trillion. A widely tracked sentiment index now reads 8, placing the market in extreme fear territory. At the same time, geopolitical tensions and rising US tariff news continue to weigh on risk assets.
Meanwhile, experts offer diverging outlooks on the next move.
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