Bitcoin’s price has dipped below $82,000 this week, marking a 2.09% decline over the past 24 hours. This recent drop follows a period of weakness for the cryptocurrency market, attributed to factors like uncertainty surrounding President Trump’s upcoming tariffs and the release of inflation data that indicates higher-than-expected price increases. Bitcoin’s price is down by approximately 7% from its peak of $88,300 last week, with no clear indication of a rebound so far. The drop has resulted in significant crypto liquidations reaching $260 million over the past 24 hours. Despite the market downturn, Bitcoin still holds considerable influence on the broader cryptocurrency landscape, as its price movement has a direct impact on investor sentiment and the overall crypto market cap. The upcoming tariffs on Liberation Day (April 2nd) by President Trump are expected to contribute significantly to the volatility of the crypto market. Market analysts, including Renowned trader Ali Martinez, suggest that Bitcoin needs to clear specific price levels ($90,700 for short-term holders and $97,300 for 3-month realized prices) before it can resume its upward trend. The future of Bitcoin’s price is closely tied to these key milestones and the overall economic climate.