The cryptocurrency market experienced a downturn today following President Trump’s announcement of new tariffs. This move triggered a sell-off in risk assets, pushing Bitcoin below the $82,000 mark and impacting related companies like Coinbase and MicroStrategy. 10% tariffs, with some facing even higher rates, fueled investor anxieties about potential global trade wars. As a result, investors withdrew their funds from volatile assets, contributing to the overall market decline. 21Shares’ David Hernandez noted that despite the uncertainty, Bitcoin’s ability to stay above key technical levels suggests strong underlying demand. While the tariffs were slightly higher than anticipated, they brought clarity regarding scope and scale, creating an opportunity for institutional investors to capitalize on undervalued valuations.