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Coin Telegraph

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Image Credit: Coin Telegraph

Bitcoin price at risk of new 5-month low near $71K if tariff war and stock market tumult continues

  • Bitcoin (BTC) price plummeted to near $71,000, a new 5-month low amid ongoing stock market turmoil and trade war
  • Volatility in equities markets led to 'herd-like' price action, causing Bitcoin to drop below $75,000 before rebounding
  • US-China trade war and reciprocal tariffs affected the stock market, resulting in historical intraday reversals
  • The Crypto Fear & Greed Index dropped to its lowest levels since early March, fueling uncertainty in the cryptocurrency market

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