Bitcoin dips below $115K as Trump tariff order fails to comfort investors

Bitcoin tumbled to a three-week low near $114,000 as Trump’s tariff executive order triggered a stock and crypto sell-off.
Bitcoin has fallen to its lowest level in three weeks as US President Donald Trump released an executive order imposing trade tariffs on a raft of countries. Bitcoin (BTC) fell to $114,250 on Coinbase during early trading in Asia on Friday, according to TradingView. It hasn’t been that low since June 11.The original cryptocurrency has now broken below its three-week range-bound channel, and the next support zone lies at around $111,000 if there is no rebound. Today’s 2.6% decline takes the asset around 6.5% below its all-time high of $122,800, which came on July 14. Read more

Source: cointelegraph.com (Read Full Article)