Bitcoin experienced a significant decline, reaching a low of $79,500 on Binance, a 26% drop since its peak in January. Analysts from Wolfe Research warn that if the digital asset fails to reclaim $90,000, it could retreat further to $70,000, a level not seen since Election Day. There are concerns about the bearish turn in the market as the key support of $91,000 has been broken. The decision by President Trump to impose tariffs on major trading partners has led to uncertainty and risk aversion among investors, impacting not only stocks and commodities but also crypto assets.



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