The brightness of the historical record reached by Bitcoin (BTC) in January has been overshadowed, replaced by a red tide that drags hundreds of digital assets down. It is that BTC is the pioneering digital asset and the one that determines the pulse of the entire market. Recent events, marked by political decisions and shaking in the sector, They paint a complex panorama that deserves attention. The news does not go unnoticed: Bitcoin fell below $ 80,000, a psychological threshold that did not cross since November 2024. However, it is not alone in this fall. Hundreds of cryptocurrencies reflect negative numbers, While analysts try to decipher if this stumbling block marks a turning point or a disguised opportunity.
The cryptocurrencies are red, following the Bitcoin movement. Source: Coinmarketcap.
Red cryptocurrencies
The most prominent case is Ray's, Raydium Token, a decentralized exchange built on the Solana network. Ray collapsed 48% in the last seven daysmoving from its recent value to only 2.3 dollars.
Ray price. Source: TrainingView. Ray's fall coincides with rumors about Pump.fun, a memecoins launch platform in Solana, which would be developing its own automated market creation system. The domino effect soon manifested. According to Coinmarketcap data, a hundred cryptocurrencies within Top 100 per market capitalization show weekly losses.
Trump shakes the markets with his «tariff war»
The first blow to the market comes from the political sphere. Donald Trump, president of the United States, has intensified his protectionist strategy, unleashing a wave of uncertainty in global markets. On Wednesday, 25% tariffs announced to exports from the European Union to their country, A measure that adds to Taxes to China At the beginning of the month. Beijing, in response, promised «all necessary measures» to counteract the impact, raising commercial tension worldwide.
Trump announced the tariffs at his first meeting with the cabinet. Source: X. But the pressure does not end there. Although negotiations with Mexico and Canada managed to postpone until April 2 the application of rates to their imports, the threat persists. These movements They have generated nervousness in volatile asset marketswhere Bitcoin, due to its decentralized and speculative nature, are usually the first to resent the impact. Trump's «tariff war» has injected a dose of caution that pushes investors to retreat.
A historical hack aggravates the crisis
While tariffs hit from the outside, a second factor shakes the market from inside. A week ago, Exchange Bybit suffered the greatest hacking recorded in the history of cryptocurrencies. The attackers took 499,722 Ethher (ETH), equivalent to 1.4 billion dollarsleaving a deep wound in user confidence. As a result, cryptocurrency exchanges faced massive retreats, With departures that reached 4,300 million dollars in Bitcoin and Stablecoinsas reported by cryptootics. This incident unleashed the selling pressure, dragging Bitcoin to a 6% drop in the last 24 hours. Although the currency has managed to stabilize about $ 85,000, the damage was already done: the market, sensitized by global uncertainty, reacted strongly.
BTC price. Source: TrainingView.
Analysts maintain an optimistic perspective for Bitcoin
Despite the gloomy panorama, not everything is pessimism. Analysts such as Omkar Godbole point out that the current fall could be a «break and new test», a common phenomenon in markets where prices backet to support levels before resuming their ascent. Godbole points to $ 73,000 as a possible soila level that Bitcoin exceeded in November and that could now serve as a basis for a rebound. For his part, Ki Young Ju, founder of Cryptoquant, subtracts drama at the time. Remember that 30% corrections are common in bitcoin bullish cyclesand even cites the precedent of 2021, when a fall greater than 50% preceded a new historical maximum. Willy Woo, another recognized analyst, reinforces this vision with his «urgency model», which suggests that extreme settlements usually anticipate recovering.
You have to look beyond
The market is going through uncertainty days, But history shows that volatility is part of its DNA. Bitcoin, which reached $ 109,300 in January, remains a reference asset, and its scarcity – limited to 21 million units – positions it as an attractive option in the long term. While Trump's tariffs and hackeos shake confidence, analysts invite you to look beyond immediate noise.