Amid renewed tariff threats from President Trump, Bitcoin's price dipped below $108,000, reflecting a risk-off sentiment in financial markets.
Bitcoin's price fell to $107,936.08 following President Trump's tariff threats against multiple countries, marking a shift in investor sentiment as fears of a global trade war resurfaced. The cryptocurrency, which had approached an all-time high of $111,814 last week, declined 0.74% in the last 24 hours. U.S. stocks also experienced significant drops, with the S&P 500 falling nearly 1%. Analysts suggest that Bitcoin is increasingly viewed as a risk asset amid geopolitical uncertainties, with trading volume rising slightly to $26.9 billion as traders reacted to the developments.