CoinEx Daily: Bitcoin Plummets Below $83,000 as Trump’s Tariff Policies Spark Market Turmoil

Daily View

Bitcoin fell from nearly $88,000 to below $83,000 after President Trump announced sweeping reciprocal tariffs, which shook the markets and triggered a sharp retreat in risk assets such as tech stocks and crypto-related equities during after-hours trading. While Trump’s aggressive tariff policies initially drove U.S. stocks to close higher, the markets plunged after hours, with Dow futures dropping more than 1,000 points, further intensifying fears of a potential global trade war.