#TrumpTariffs #BTCPrediction #MarketPullback

Bitcoin dips below $115K as Trump tariff order fails to comfort investors

Bitcoin has fallen to its lowest level in three weeks as US President Donald Trump released an executive order imposing trade tariffs on a raft of countries.

Bitcoin BTC , fell to $114,250 on Coinbase during early trading in Asia on Friday, according to TradingView. It hasn’t been that low since June 11.

The original cryptocurrency has now broken below its three-week range-bound channel, and the next support zone lies at around $111,000 if there is no rebound. Today’s 2.6% decline takes the asset around 6.5% below its all-time high of $122,800, which came on July 14.

Bitcoin had already been falling in the lead-up to the tariff decision deadline, with $110 billion having exited spot crypto markets over the past 12 hours.

A total of 158,000 traders were liquidated to the tune of $630 million over the past 24 hours, according to CoinGlass. Most of these were long positions