Bitcoin Plunges as US Imposes Heavy Tariffs on China

The cryptocurrency market is experiencing turbulence after the United States imposed a hefty 104% tariff on China, escalating trade tensions. This move triggered Bitcoin to dip by 5%, dropping below $76,811 and erasing approximately 1.66% from its overall market cap, currently standing at $2.44 trillion. Cryptocurrency prices are heavily impacted as the market grapples with this latest development.