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Market Uncertainty Hits Bitcoin HardThe recent downturn in Bitcoin isn’t happening in isolation. The U.S. has confirmed new trade tariffs against Canada and Mexico, rattling financial markets. Stocks have taken a hit, with the S&P 500 and Nasdaq dropping sharply. Bitcoin followed suit, and BTC fell to $83K from $95K, dropping 10% in a single day and wiping out its recent gains. Analysts from The Kobeissi Letter note that this “global move” away from risky assets has made Bitcoin vulnerable.