After the exchange of fire and the increase in tariffs between the United States and China: Bitcoin drops below $77,000

The price of Bitcoin fell today to below $77,000 after the U.S. President announced a 104% tariff on Chinese imports, which heightened the trade tensions affecting global markets since April 2.

In response, China also raised tariffs on U.S. imports to 84%.

The tariff increases from both sides led to wide fluctuations in high-risk asset markets.

The "S&P 500" and "NASDAQ" indices recorded daily gains of nearly 4% before retreating and erasing most of those gains.

Bitcoin followed a similar path, briefly rising above $80,000 before later dropping back below $77,000.

Prior to the tariff imposition, "Trump" held talks with allies like South Korea and Japan, resulting in temporary market optimism.

The White House announced that about 70 countries have reached out to finalize trade agreements, describing the talks as beautiful and effective.

Despite these efforts, "Trump" emphasized that the tariffs imposed on China at the rate of 104% will be applied as planned, to take effect at 12:00 AM on April 9.