Bitcoin recently dipped below $115,200 amid a broader risk-off sentiment triggered by new U.S. tariffs and macroeconomic concerns. This drop catalyzed approximately $600 million in bullish liquidations, signaling potential further declines if sentiment remains fragile.
In contrast, after the Federal Reserve held interest rates steady, Bitcoin rebounded to around $118,500, accompanied by gains in other major coins like ETH, XRP, and SOL.