Bitcoin’s death sentiment has surged as Google Trends tracked record searches for the phrase “Bitcoin is dead.” As Bitcoin nears the $50,000 mark, analysts warn of a potential slide to $20,000, fueling fear as the search term gains traction. Peter Schiff argued on X that bearish forces could test the long-standing $50,000 support, potentially accelerating a downturn.
Trump’s second tariff round has roiled U.S. markets, with cryptocurrencies broadly reacting to the surprise 15% tariff. Trump signaled that an executive action would raise the worldwide tariff from 10% to 15%, with further policy moves anticipated. A Supreme Court ruling on IEEPA has raised questions about the legality of such measures and potential congressional hurdles. Bitcoin spot ETFs posted a fifth straight week of outflows, totaling about $3.8 billion.
Historically, Bitcoin has endured steep corrections before reclaiming prior highs. The $50,000 level remains a psychological benchmark for market confidence.
Market sentiment has intensified as Google Trends records peak interest in the phrase ‘Bitcoin is dead’ while Bitcoin nears the $50,000 level. Analysts warn that a drop below key supports could accelerate a move toward $20,000, fueling fear across crypto markets. The latest data highlights how sentiment-driven moves can reinforce price action during downturns.
Trump’s tariff measures have injected volatility into U.S. markets, with cryptocurrencies reacting to a surprise 15% worldwide tariff. Officials have signaled potential further actions and a Supreme Court ruling on IEEPA adds uncertainty to the policy backdrop. Bitcoin spot ETFs have posted five straight weeks of outflows, totaling roughly $3.8 billion.
Historically, Bitcoin has endured steep corrections before reclaiming prior highs, and the $50,000 level remains a psychological anchor for market confidence. Traders will closely monitor ETF flows, price action, and whether major supports hold as volatility persists.
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