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Bitcoin Volatility Intensifies as U.S. Tariff Policy Shifts Loom

Mixed signals from the Trump administration on technology tariffs contribute to cryptocurrency turbulence, with Bitcoin trading near critical support levels.

  • Bitcoin's price fluctuates between $83,000 and $85,000 as analysts warn of potential liquidations if it falls below $81,000.
  • President Trump clarified that some electronics are temporarily exempt from a 10% tariff but will remain subject to a separate 20% levy tied to national security concerns.
  • Commerce Secretary Howard Lutnick announced additional sector-specific tariffs on electronics to be introduced within two months, heightening market uncertainty.
  • Traditional equity markets show resilience, with Nasdaq 100 and S&P 500 futures rising, contrasting with ongoing volatility in cryptocurrency markets.
  • The global cryptocurrency market saw $340 million in liquidations over the past 24 hours, reflecting cautious sentiment and increased market pressure.
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