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Bitcoin Price Drops 12%: Will Trump’s Tax Relief Rumors Spark a BTC Rally?

The Bitcoin price has been on a roller coaster ride over the past four days, plunging 12% amid market volatility. The cryptocurrency market, which surged to a $3.26 trillion valuation on March 3, has since lost 11.8% and dropped to 2.85 trillion. Rumors of a potential Trump tax relief announcement at the upcoming March 7 Crypto Summit have sparked speculation: Could this news catalyze a Bitcoin rally and help BTC reclaim its recent highs? Let’s dive into the latest developments and analyze what’s next for the BTC price.

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