BTC, which has lost 4.79% in the last 24 hours and at the time of writing, is among the assets experiencing a notable decline today.
The recent drop in Bitcoin (BTC) to 74,600 dollars may be linked to the U.S. imposing new tariffs on Chinese products and Canada introducing additional taxes on U.S. vehicles. Rising global trade war concerns have likely triggered sharp pullbacks in both BTC and stock indices.
As pressure on Bitcoin intensifies once again, analysts suggest that geopolitical developments will play a key role in shaping its short-term direction.
