🔥Bitcoin has dropped below 113K USD after U.S. President Donald Trump announced new taxes on pharmaceuticals and semiconductor chips. In an interview with CNBC, Trump stated that his administration will announce new tax rates within a week, with initial rates low but gradually increasing to 250% over the next few years. This tax threat has caused the cryptocurrency market to decline by 1.82%, and stocks have also fallen, with the S&P 500, Nasdaq, and Dow dropping by 0.28%, 0.36%, and 0.03%, respectively.

Bitcoin is currently at 114,150 USD, down 0.9% in 24 hours and 3.93% over the week. However, trading volume remains stable, increasing by 10.52% compared to yesterday. The cryptocurrency market is still being dominated by political moves and taxes from the Trump administration.