Bitcoin’s price in India witnessed a 2.5% decline in the last 24 hours to $85,100 due to the impact of President Trump’s latest tariffs on global markets and cryptocurrencies. This drop is in line with the broader risk-on market downturn caused by unfavorable macroeconomic conditions. The combined market capitalization of the crypto market decreased by over 2.6%, aligning with the selloffs in US stocks. The S&P 500, Nasdaq composite index, and Dow Jones index all experienced declines due to Trump’s announcement of a 25% tariff on all imported automobiles. As a result, Bitcoin is viewed as a short-term risk asset, often dropping when traditional markets face challenges. Traders are anticipating a sub-$80K pullback for Bitcoin, with some analysts expressing caution about the cryptocurrency’s recovery in the short term. Market volatility is expected to continue until uncertainties surrounding the tariffs are resolved. Analysts suggest that Bitcoin needs to reclaim $90,000 to confirm a positive trend, as the market remains influenced by global headlines. Despite the bearish predictions, it is essential for investors to conduct thorough research and analysis before making any investment decisions.