Bitcoin saw a significant dip in price on Monday morning following recent comments from US President Donald Trump regarding tariffs and international conflicts. The asset fell below $107,000 after experiencing brief rally earlier in the weekend. This decline is attributed to several factors, including large-scale deposits of Bitcoin (BTC) by high-net-worth individuals (whales) into centralized exchanges, suggesting a potential sell-off. Further insight suggests that these whales have deposited over $1.8 billion worth of BTC to various exchanges in the past month. Trump’s statements on several contentious issues like tariffs and geopolitical tensions are creating uncertainty and volatility within the cryptocurrency market. Trump has also weighed in on the escalating tensions between Nigeria and Venezuela, warning of potential intervention and increased military presence if necessary.