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Blockonomi
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Bitcoin (BTC) Price: Drops to $83,400 Following Trump’s Tariff Announcement
- Bitcoin's price fell to $83,400 after Trump announced a 10% universal tariff on imports
- Trump's trade policy includes reciprocal tariffs targeting China, Japan, EU, among others
- Bitcoin's velocity reached a five-month low, indicating cautious market sentiment
- Long-term holders show strong conviction, with spending at lowest levels since mid-2021
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