Bitcoin recently experienced a significant decline, hitting a three-week low around $114,000. This drop follows the announcement of new tariffs by the Trump administration, which unsettled investor sentiment across both stock and cryptocurrency markets.
While Bitcoin is now 6.5% below its all-time high, some analysts suggest this downturn may be a temporary correction rather than a long-term trend. The crypto market reacted sharply, with Bitcoin, Ethereum, and XRP all posting notable losses.
Despite the bearish sentiment, there are mixed views among traders about future price movements, with some holding out hope for a rebound, while others anticipate further declines to levels near $104,000. The recent Fed decision to maintain interest rates also contributed to the volatility, impacting major cryptocurrencies.
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