The analyst explained the decline of bitcoin below $92,000

Today's decline in bitcoin is not just another correction, but a reaction to geopolitics. US President Donald Trump, taking advantage of the pre-holiday silence on Wall Street, announced new duties on European goods, citing the failure of negotiations on Greenland. Andrey Loboda, a top communications manager in the field of digital currencies and industrial mining, told Izvestia on January 19.

"The markets reacted seriously: futures for the S&P 500 and Nasdaq collapsed, investors rushed into gold, which updated its historical high, and cryptocurrencies, including bitcoin, were also among the victims," he said.

Cryptoshock: what is behind the collapse of Bitcoin and the crisis of trust

The fall in the value of the first cryptocurrency caused panic in the market

Bitcoin, despite its reputation as "digital gold," has once again shown that it behaves like a risky asset. This morning, the price of BTC/USDt fell below $92,000, breaking through important support, and taking with it hundreds of millions of dollars of long positions. Almost $800 million was liquidated in a day, of which more than $200 million was in bitcoin alone.

Now, the expert notes, everything depends on how seriously trade tensions will develop. If Trump really escalates, the markets may continue to panic, and then bitcoin faces testing the $89,000-90000 zone. But if the situation stabilizes — for example, the EU responds diplomatically rather than with sanctions — a quick rebound is possible. In the meantime, politics has overshadowed technology, and Greenland, which seemed like a joke yesterday, has become a real trigger for global volatility.

"At 12:30 Moscow time, bitcoin is worth $93213. The price recovered by 1.4% from the reached low of $91910. The recovery is taking place against the background of a weak recovery in index futures. The attention of the participants is focused on Trump. To regain bullish control, by tomorrow's trading day, the price needs not just to rebound, but to close at least below $95250," Loboda concluded.

Igor Rastorguev, a leading analyst at AMarkets, reported on December 24 that the introduction of a limit of 300 thousand rubles per year per investor when buying cryptocurrencies will not be able to fully protect businessmen from losses, but reflects the regulator's recognition of the scale and reality of the crypto market. According to him, cryptocurrency remains a highly volatile instrument.

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