Bitcoin Price Drops Below $108,000 Amidst Trade Uncertainty

Bitcoin’s recent price dip below $108,000 indicates a heightened sensitivity to global political events. The cryptocurrency experienced a substantial decline after President Trump’s proposed tariffs on EU goods triggered uncertainty in global markets. This move has impacted Bitcoin’s market performance, causing it to lose momentum following days of record highs. Market volatility is attributed to geopolitical tensions and the potential impact on international trade.