Bitcoin Drops to 9-Month Low as Global Tensions Shake Markets
Bitcoin fell sharply on Thursday as rising macroeconomic and geopolitical tensions triggered a global market sell-off. BTC dropped 7.4% in 24 hours, briefly touching $82,134, its lowest level in nine months, before a small recovery.
The broader crypto market also suffered, with total market capitalization falling 6.7% and nearly $1.68 billion in liquidations recorded.
One key pressure point was U.S. policy uncertainty. Markets reacted negatively after President Donald Trump signaled he would soon announce the next Federal Reserve Chair. Reports suggest Kevin Warsh, known for his hawkish stance on inflation, is a leading candidate—raising fears of tighter monetary policy.
Geopolitical risks added further stress. New U.S. trade actions, rising Middle East tensions, and ongoing conflicts in Ukraine and Asia pushed investors toward risk-off assets.
Derivatives data shows increasing downside protection demand, with options traders positioning for a potential move toward the $70,000–$75,000 range in the short term.
Bitcoin has since stabilized near $82,800, but market volatility remains high as investors await further political and macro clarity.
This is not financial advice. For educational purposes only.#WhoIsNextFedChair #MarketCorrection #bitcoin #binance #Write2Earn $BTC
