Bitcoin dropped sharply by 2.53% to $92,574 in the last 24 hours. This is a turbulent time for the currency due to global shocks, huge derivatives liquidations, and weak demand in the spot market. The top cryptocurrency lost about $4,000 in just two hours after President Trump said he would put high taxes on goods from the European Union. This shows that cryptocurrencies are still quite sensitive to changes in the economy. The declaration of 10–25% tariffs on EU goods by Trump, which would start on February 1, 2026, was the main reason for Bitcoin’s precipitous drop. The sudden change in policy sent shockwaves ... (full story)