$BTC Tariff policy impacts global markets, Bitcoin suffers a setback

Recently, the price of Bitcoin has significantly declined against the backdrop of general pressure on risk assets in the global market. This major digital currency has experienced a notable drop. This decline is closely related to the latest tariff policy released by former U.S. President Donald Trump.

According to data from CoinMarketCap, the price of Bitcoin briefly fell to around 81,300 today. Less than 24 hours ago, Bitcoin had reached a daily high of nearly 88,000, and since then its value has dropped by more than 7%. Although the price of Bitcoin recovered somewhat after hitting an intraday low of about 81,300, at the time of writing, it was trading close to 83,000.

The tariff policy has become a catalyst for market downturns. After the White House announced this news, risk assets began to decline broadly. Bitcoin and many other digital assets suffered losses. The following day, after the U.S. stock market opened, the stock market experienced a significant drop. According to data from Google Finance, the benchmark S&P 500 index fell by 4.8% in a single day. The tech-heavy Nasdaq Composite Index experienced an even larger decline, dropping by about 6% that day.

The recent drop in Bitcoin prices reflects the increasing correlation between the cryptocurrency market and the global macroeconomic environment. The Trump administration's tariff policy is interpreted by the market as potentially having a negative impact on global economic growth, triggering a sell-off of risk assets by investors. As a high-risk asset, the price movement of Bitcoin often shows a certain correlation with traditional risk assets such as stocks. The uncertainty of the tariff policy and the potential trade frictions have negatively affected market sentiment. This negative sentiment has spread to the cryptocurrency market, exacerbating the decline of Bitcoin. The cryptocurrency market itself is already highly volatile, and any macroeconomic events or policy changes can trigger severe price fluctuations. This tariff announcement has undoubtedly become a triggering factor.

The Trump administration's latest tariff policy has had a significant negative impact on global markets and has directly led to the decline in Bitcoin prices. This again indicates that although the cryptocurrency market has its independence, it is still difficult to completely avoid the influence of macro factors under the global economic environment.