Bitcoin recently experienced a sharp drop of over 6%, hitting its lowest level since the start of the year.
6% is still small correction and let's check how many percent Bitcoin has been down from its ATH?
- According to Coinmarketcap, it is -28% from ATH.
- Additionally, according to Cryptorank.io, from High to Low prices in 2025 year, it is down 14.6%.
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The timing collided with Donald Trump’s announcement of sweeping new tariffs, which has seriously left the global markets in serious panic, raised fresh fears of a potential recession and have also prompted widespread sell offs in not just Bitcoin but across the crypto market.
Market always wait for a "reasonable" triggering factor to fall down when it comes to correction time. Covid-19 announcement, Trump's tariff war announcement are only used as factors to trigger the market to fall down or crash.