Why Is Bitcoin Down Today?

US Tariffs & Market Fear:

The US announced new tariffs, creating fear in financial markets.

Investors moved away from risky assets like crypto.

Bitcoin dropped below $115,000 because of this (Source).

Technical Breakdown:

Bitcoin broke below a 16-day consolidation range.

It lost a key support level near $116,000 — a bearish sign.

High Liquidations:

Heavy selling pressure across the crypto market led to losses in Ethereum, Solana, and Dogecoin too