Bitcoin Price Plunges, Bulls Face Challenges at $103K Level

The cryptocurrency market witnessed significant losses in the past 24 hours, as Bitcoin (BTC) declined below the $104,000 mark. This drop triggered massive liquidations of over $687 million, the largest since February, and contributed to a further decline in the overall crypto market cap to around $3.24 trillion. The sell-off was sparked by renewed trade war tensions between the US and China, as President Trump reinstated tariffs on Chinese steel and aluminum, claiming Beijing violated a May agreement.