Recent market turmoil has seen Bitcoin’s value plummet significantly, dropping below the $83,500 mark. This decline comes amidst a combination of factors, including disappointing comments from former President Trump and persistent concerns about trade policies impacting the cryptocurrency market. Continue reading to explore the impact of these factors on Bitcoin, Ethereum, and SHIB’s value. The article explores recent reports revealing tariffs on China will remain in effect without any exemptions, which has significantly amplified anxieties within the market. This news coincides with a significant decline in Bitcoin (BTC) price of over $1,400 and reflects the broader negative impact on other cryptocurrencies like Ethereum (ETH) and Shiba Inu (SHIB). The volatile market conditions have triggered widespread panic selling, as hopes for previously discussed exemptions related to China are now seemingly off the table. The U.S.’s attempt to stabilize fluctuating bond yields may inadvertently exacerbate current market instability. Will this volatility signal a potential reversal of the Fed’s tightening policy? It is a turbulent time for cryptocurrencies as market sentiment remains fragile, fueled by geopolitical tensions and trade policies. Traders and analysts must navigate these volatile waters carefully, anticipating future developments in news and economic indicators.