From www.ibtimes.co.uk: Bitcoin fell below $85,000 following U.S. President Donald Trump’s announcement of new tariffs, which triggered widespread selling in the crypto market, resulting in a loss of approximately £157 million ($200 million) in a matter of hours.

The 10% to 25% tariffs imposed on imports from various countries raised concerns about inflation and a stronger US dollar, impacting risk assets including cryptocurrency.

Despite this short-term chaos, some analysts remain optimistic about Bitcoin’s long-term recovery as trading conditions evolve.