Bitcoin price plunges as Trump threatens EU tariffs. Market uncertainty leads to Bitcoin hitting new lows, raising concerns for further price drops.
Bitcoin (BTC) selling trend continues for the third consecutive day, reaching its lowest levels since November 11, 2024. During this correction, Bitcoin temporarily dropped to $82,256, but buyers entered the market thereafter. However, data suggests further price declines may occur before market stabilization. As of writing, Bitcoin is at $85,500 with a total market value plummeting to $2.8 trillion. Besides the weakness in the digital currency market persisting for almost a week, the US stock market has also declined due to Trump’s threat of imposing a 25% tariff on the EU. Amid tariff threats, Trump has ordered federal agencies to present plans for workforce reduction.
