Bitcoin experienced a significant price drop today, falling back below $80,000 after a brief recovery yesterday. This decline coincides with notable declines in U.S. stock indices and an all-time high for the dollar in gold prices. 145% customs duties on China have been announced, causing ripples in the global market. This comes as a follow-up to earlier statements from US President Donald Trump stating that Chinese tariffs wouldn’t be increased further. The statement did however suspend all other countries’ tariffs for 90 days at a base rate of 10%. Bitcoin prices plummeted as this trade war tension re-ignited, shedding approximately 3% of its value to currently stand around $79,000.