Bitcoin is approaching its lowest level in 6 months.

Current Status of Bitcoin

Bitcoin is maintaining a significant portion of its recent losses amid developing risk-averse tendencies in global markets. Currently, the digital currency is fluctuating around the $95,000 level, approaching its lowest points since May 2023. This situation paints a troubling picture that raises concerns among investors.

Donald Trump and the Crypto Market Relationship

At the beginning of the year, the pro-crypto stance of U.S. President Donald Trump created a sense of optimism among crypto investors, contributing to Bitcoin's value increase. However, decisions made by Trump regarding tariffs in recent months have initiated a significant liquidation process in the markets in October. These developments have severely undermined investor confidence, causing Bitcoin to lose more than 30% of the gains it achieved earlier this year.

Decline in Market Confidence

Recent waves of selling have led to a significant weakening of Bitcoin and the overall crypto market. The withdrawal of institutional investors from the market and the decrease in flow-oriented funds supporting Bitcoin earlier this year have created a persistent barrier to the recovery process of crypto assets. Meanwhile, smaller and less liquid tokens have experienced even greater losses during this period. In particular, declines in volatile technology stocks are negatively impacting overall risk appetite, adding further pressure on Bitcoin.

Conclusion and Investor Expectations

Investors continue to analyze Bitcoin's current status and future movements. The fluctuations in the market may represent a decisive turning point for the future of cryptocurrencies. Developments in the coming days seem likely to determine the impact of Bitcoin and other crypto assets on the market.