Bitcoin Plunges Below $119,000 as Geopolitical Tensions Fuel Market Sell-Off

Bitcoin (BTC) experienced a significant drop below the $119,000 mark today, reflecting broader market volatility driven by geopolitical tensions and profit-taking in risk assets. The decline followed President Trump’s statement about potential increased tariffs on Chinese imports following Beijing’s announcement of export restrictions on rare earth elements. This move ignited fears of a renewed trade war between the US and China, triggering risk aversion across global markets. ]