Bitcoin Price Drops as Trump Raises Global Tariffs to 15%, Impacting Crypto Market

The price of Bitcoin (BTC) experienced a notable decline following the announcement of increased worldwide tariffs by former President Donald Trump. The new policy raises import duties to 15% from a previous 10%, a decision made despite a recent U.S. Supreme Court ruling. This move has heightened market uncertainty, leading to a sell-off in risk assets, including cryptocurrencies. Analysts suggest that the tariff hike could signal broader economic tensions, prompting investors to seek safer havens and causing volatility in the digital asset space. The market reaction underscores Bitcoin's continued sensitivity to macroeconomic policy shifts and geopolitical developments.