Bitcoin's price dropped to as low as $86,873, its lowest in three months, before slightly recovering to $88,297. The cryptocurrency's market capitalization also declined by 7.98% to $1.74 trillion. The decrease in price and market capitalization was influenced by increased selling by bearish traders and the impact of Bybit's recent hack. President Donald Trump's announcement of tariffs on Canada and Mexico also introduced economic uncertainty. The short-term outlook for bitcoin is cautious, with investors advised to closely monitor macroeconomic indicators and market events.



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