Bitcoin and most altcoins have experienced a significant decline in the past 12 hours, dropping below the $100,000 mark. This decline is believed to be in response to the imposition of harsh tariffs on imports from China, Mexico, and Canada by US President Trump. Bitcoin initially experienced a nosedive but quickly recovered throughout the week before being rejected on Friday. The decline in price is attributed to the political implications of the tariffs. Altcoins have been hit the hardest, with Ethereum experiencing a 4.5% decline and other coins seeing double-digit losses. The overall market cap of all cryptocurrencies has decreased by roughly $150 billion in a day.



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