Bitcoin’s price is facing a steep decline, plummeting below $85,000 as legal battles escalate globally. The recent escalation of the global trade war by former President Trump, urging retaliation from both China and the EU, has significantly impacted the cryptocurrency market. This tumultuous week has triggered Bitcoin to accelerate its descent towards the $82,000 mark, with altcoins facing an even more dire outlook. 25 million USD in cryptocurrency associated with Russian national Aleksei Andriunin, the founder of Gotbit, has been seized following his extradition to the US. His indictment on charges related to market manipulation and conspiracy to commit electronic fraud adds fuel to Bitcoin’s price decline.