Bitcoin witnessed a significant dip of over 10% as a direct result of President Donald Trump’s recent announcement regarding global tariffs. The cryptocurrency plummeted below $78,000, a stark contrast to its recent peak of nearly $110,000. President Trump, known for his pro-crypto stance through initiatives like appointing crypto-friendly regulators and endorsing digital assets, has inadvertently caused market uncertainty due to his tariff decisions. This has led to a decrease in market enthusiasm as investors are now reevaluating their positions amidst the economic uncertainties. The impact of tariffs on digital currencies has caused a ripple effect in the crypto market, prompting investors to closely monitor the situation and make strategic decisions accordingly.