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Bitcoin Struggles Near $83,482 Following Trump's Tariff Clarifications

Cryptocurrency markets face volatility as analysts monitor key support levels and narrowing futures-spot gaps for signs of recovery.

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Overview

  • Bitcoin dropped over 2% on Sunday, reversing recent gains, and is now trading near $83,482 in early Monday trading.
  • President Trump clarified that Chinese-made electronics remain subject to tariffs, heightening market uncertainty and weighing on digital assets.
  • Ethereum fell below $1,600, with altcoins also under pressure, reflecting broad-based declines in cryptocurrency markets.
  • Analysts warn that Bitcoin breaching the $81,000 support level could trigger leveraged liquidations and intensify market volatility.
  • Blockchain analytics suggest a narrowing gap between Bitcoin's futures and spot prices, potentially signaling returning buyer confidence and a bullish wave.