Why is Bitcoin price down today?

Bitcoin traders are bracing for BTC price to go under $80,000 once again in a retest of recent lows as Trump’s automotive tariffs rattle global markets.

Bitcoin’s (BTC) price has dropped by over 2.5% over the last 24 hours to $85,100 as Trump’s latest tariffs continue to put downward pressure on global markets and cryptocurrencies.

BTC/USD daily chart. Source: Cointelegraph/TradingView

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