Bitcoin Drops to $80,000 as Trade Tensions and Inflation Fears Persist

Federal Reserve hints at monetary easing while President Trump's tariffs set to take effect on April 2 fuel economic uncertainty.

Bitcoin's price has fallen to approximately $80,000, reflecting heightened volatility driven by inflation concerns, trade tensions, and fears of a new potential hack.
President Trump's reciprocal tariffs targeting goods from Canada, Mexico, and China are scheduled to take effect on April 2, adding to market unease.
Federal Reserve Chair Jerome Powell has signaled potential monetary easing, including a reduction in the quantitative tightening program, which could influence Bitcoin's trajectory.
Bitcoin's market dominance has reached a four-year high of 61.2%, as investors shift from altcoins to the leading cryptocurrency amidst broader market uncertainty.
Analysts remain divided on Bitcoin's short-term outlook, with some predicting a price recovery in April if macroeconomic pressures stabilize and the Federal Reserve adopts a dovish stance.