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Why is Bitcoin price down today?

Bitcoin’s price fell by more than 2.5% to 85,100 USD in response to U.S. Automotive tariffs imposed by President Trump. This decline reflects the broader risk-on market’s sell-off, where stronger correlations with traditional equities have been observed.

Analysts predict that Bitcoin may retest the 80,000 USD support level, amid negative trader sentiment echoing traditional market trends. Recent market shifts highlight the volatility in Bitcoin’s price as traders adapt to evolving economic conditions.

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