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Bitcoin Falls Over 5% Amid Tariff Announcement and Ongoing Market Downturn
Bitcoin experienced a sharp decline of more than 5%, falling below $65,000 on Monday, following U.S. President Donald Trump’s announcement of plans to increase global tariffs to 15%. This downturn occurred amidst rising Asian equities in early trading, highlighting a significant divergence between cryptocurrency values and regional stock market trends amid uncertainties related to tariffs. The world’s leading cryptocurrency has encountered a severe sell-off trajectory since October of the previous year, when it peaked at over $125,000. This downward trend has continued into the new year, with Bitcoin down 26% ... (full story)
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