Bitcoin falls below $ 84,000 while markets react to tariffs

• The price of Bitcoin fell to a minimum of $ 82,131, falling to levels seen in November 2024.
• The massive sale of BTC occurs after the last announcement of Trump tariffs, including 25% tariffs for the EU.
• The shares also fell, and the S&P 500 lost 500 billion dollars.

The price of Bitcoin fell more than 6% in 24 hours to break below $ 84,000 on Wednesday. It should be noted that the price of Bitcoin has touched its lower levels since November 2024, when it rose in the midst of the electoral impulse.

According to the cryptocurrency merchant and actions, the market is bassist . BTC was sold when the cryptocurrency market reacted to the feeling of commercial war, this occurred immediately after the last announcement of tariffs of President Donald Trump.

After announce That 25% tariffs to Canada and Mexico and 10% to China will enter into force in April, Trump said he would impose 25% tariffs to the European Union. The news dropped the S&P 500, with more than $ 500 billion in market capitalization eliminated.

Bitcoin falls in the middle of ETF outings

As the shares reacted to the possible commercial war, Bitcoin collapsed below the $ 84,000. According to Coinmarketcap data, the BTC price reached minimum of $ 82,131.

The BTC price also collapsed in the midst of a mass sales pressure from ETFs. The main emitters Fidelity, Ark and Grayscale sold. Blackrock, who sent millions of dollars in BTC and ETH to an exchange on Tuesday, also got rid of $ 150 million of the flagship currency.

https://twitter.com/arkham/status/189483978607208800

While the bulls had recovered above $ 84K at the time of writing this article, the feeling is still weak and it is possible that the $ 80K will be proven again.

Cryptocurrency analyst Rekt Capital shared the graph below. According to analysts, markets are discounting a possible “rebound in inflation” and investors are considering possible increases in goods prices.

“What is interesting is the sharp divergence between gold and Bitcoin since the commercial war began. While gold has risen +10%, Bitcoin has dropped by -10%, although Bitcoin is historically considered as a “coverage” against uncertainty, “said Kobeissi’s letter.