Bitcoin price drops as Trump's tariff on Chinese goods impacts global economy. Markets face volatility with potential economic recession. Stay updated on digital currency prices.
Following the imposition of a 104% tariff by Donald Trump on Chinese goods, the price of Bitcoin (BTC) plummeted below $75,000 for the second time last week. Financial markets have been highly volatile due to escalating trade tensions between the two major world economies, affecting high-risk assets like stocks and digital currencies. Bitcoin dropped around 11% in the past week, while Ethereum (ETH) faced a decline of over 25%. Analysts warn of a possible further drop in Bitcoin price, potentially reaching $70,000 or lower if the current trend continues.
