Bitcoin Faces Downward Trend Amidst Trade Tensions & Technical Signals

The cryptocurrency market is experiencing a shift in sentiment, with Bitcoin (BTC) experiencing a notable downturn after former U.S. President Donald Trump announced reciprocal tariffs. The price of BTC has fallen from $88,000 to around $82,500 before rebounding to about $83,300 according to CoinDesk. Analysts and investors are exploring the reasons behind this decline and its implications for crypto portfolios.