Experts forecast cryptocurrency market decline

CoinDesk experts warn that a Bitcoin drop is inevitable, with its price potentially falling to $75,000. One of the main causes of the current cryptocurrency decline is cited as trade tensions between the US and China, which, according to analysts, could have been the catalyst for the current market crisis.

To date, 714,000 traders have already been liquidated, with total losses amounting to $2.18 billion. This figure significantly exceeds the losses incurred during the COVID-19 pandemic or the collapse of the FTX platform.