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Bitcoin Drops as Trump Announces Steep Tariffs
- The U.S. announced steeper reciprocal tariffs targeting countries with trade barriers against U.S. products.
- The tariffs raised concerns about a potential global trade war, leading to a market sell-off.
- Bitcoin's recent price drop suggests its correlation to overall market risk appetite.
- The cryptocurrency remains closely tied to investor sentiment amidst geopolitical tensions and trade policy changes.
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