Bitcoin Drops Below $80K Amid Trade War Fears and Fed Uncertainty 📉
Bitcoin extended its losses on Friday, falling 1.6% to $81,914.20 as investors anticipated the Federal Reserve's upcoming meeting next week. The cryptocurrency is headed for a 5% weekly loss, slipping below the significant $80,000 threshold due to intensified global economic tensions.
A risk-off sentiment prevailed across markets following U.S. President Donald Trump's announcement of a 200% tariff on European alcohol, in retaliation against EU duties on American whiskey. With more reciprocal tariffs expected by April 2, fears of a potential U.S. recession have grown, driving investors away from risk assets.
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