The cryptocurrency market experienced a substantial downturn after President Trump’s tariff announcement, impacting Bitcoin (BTC) and other major cryptocurrencies. Following the news of increased tariffs on several countries, including the US, China, EU, and Japan, BTC saw a significant drop of over 6%, entering a bearish trend. This decline led to the loss of recent support levels for BTC, indicating a potential price crash in the coming days. 18,930 BTC were sold off by short-term holders following the announcement, adding further fuel to the market sell-off. The technical analysis suggests that Bitcoin is now below its crucial $82,500 level and the 200-day EMA, pointing towards a bearish trend. While this drop has significantly impacted other cryptocurrencies such as Ethereum (ETH), Solana (SOL) and XRP, BTC remains in the spotlight as traders anticipate the market’s next direction.