Why is the crypto market going down day by day?

The crypto market is currently lacking near-term positive catalysts and is being impacted by macroeconomic headwinds of a potential tariff war and a slowing economy.

Bitcoin (BTC): The leading cryptocurrency saw its price drop to $84,148.33, marking a 9.48% decline over the previous day. This downturn coincided with the implementation of new tariffs by the Trump administration on Canada, Mexico, and China, heightening global trade tensions.6