Bitcoin's value has plummeted below $75,000, marking a significant decline amid global market turmoil triggered by U.S. President Donald Trump's tariff policies. The cryptocurrency fell to an intraday low of $74,637, reflecting a broader downturn in financial markets as investors react to escalating trade tensions.
The drop in Bitcoin's price comes as part of a wider sell-off across risk assets, with over $1.41 million in crypto positions liquidated in the past 24 hours. The decline follows Trump's announcement of a 10% baseline tariff on all imports, with higher rates targeted at specific countries, including a 34% tariff on Chinese goods and a 20% tariff on products from the European Union. Ether also fell to $1,446, marking an 18.5% decline over the past week.
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