Bitcoin’s value plummeted by more than 10% in the wake of President Donald Trump’s declaration of global tariffs, dipping below $78,000 after reaching a high of almost $110,000. President Trump, known for his favorable stance towards cryptocurrencies, had previously taken steps to support the digital asset market by appointing crypto-friendly regulators and endorsing virtual currencies. However, the recent imposition of tariffs has sparked economic apprehensions, causing a downturn in market sentiment. Investors are now reassessing their investments as the repercussions of these tariffs ripple through the digital currency realm.