Nigeria, Feb. 28 -- Bitcoin has begun a correction phase, falling below $80,000 and losing about 37% of its top of $109K achieved on January 20 during Trump's inaugural ceremony.

The asset's recent poor performance erased 2025 gains and drove the entire cryptocurrency market into the red.

As market sentiment plummeted, the Crypto Fear and Greed Index recently hit its lowest level in two years, with a score of 10.

Trade Conflict Transforms Bitcoin Into A Red Sea

The worsening of relations between the US and some of its most significant trading partners, including China, Canada, and Mexico, was a significant contributing cause to the downturn.

The standoff resulted from President Donald Trump's imposition of increased taxes on products...