Bitcoin price drops to $75,000 after US government tariff announcement. Investors worried as market liquidity decreases and trade relations become uncertain.
Following the announcement of new tariffs by the US government, the price of Bitcoin (BTC) plummeted to $75,000. The crypto fear and greed index reached extreme fear, reflecting investors’ concerns. Charlie Sherry, CFO of BTC Markets, attributed this drop to lower market liquidity on Mondays and stated that large sales could have a significant impact. He added: ‘Recent statements by President Trump about tariffs have shaken major markets and made global trade relations uncertain.’
