Bitcoin continued its downward trend on March 28, hitting a low of 83,387 USD. This decline aligns with significant losses on Wall Street, particularly in the DOW and S&P 500.
Investor anxiety surrounding inflation increased, with February’s core Personal Consumption Expenditures index rising to 2.8%, which was higher than expected. President Trump’s new tariffs on foreign cars have further fueled market concerns.
Amidst decreasing prices, crypto trader Cole Garner pointed out that Bitcoin whales are increasing their trading activity. Some analysts speculate that Bitcoin could drop to 65,635 USD due to technical patterns.
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