Bitcoin Price Drop Amidst Concerns of Trump Tariff Escalation

Bitcoin’s recent price decline continues despite cooling inflation data, fueled by uncertainty surrounding President Trump’s potential tariff escalation. While the U.S. Consumer Price Index (CPI) fell to 2.4% in March, this positive development failed to boost market sentiment as concerns about potential trade tensions persist. The S&P 500 and Nasdaq experienced notable losses on Friday, down 3.4% and 4.3% respectively. This ripple effect also impacted Bitcoin, which saw a drop of around 2.8% in the past 24 hours, indicating broader market anxieties.