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Bitcoin prices came under pressure again today, briefly falling below the $63,000 mark, with a daily decline of over 4%. This drop was mainly driven by macro risk-averse sentiment, as U.S. President Trump announced an increase in global tariffs to 15%, intensifying market concerns about the economic outlook, leading funds to withdraw from high-risk assets.
Meanwhile, the cryptocurrency market experienced widespread liquidations, with over 120,000 liquidation events across the network in the past 24 hours, totaling approximately $364 million. From a technical perspective, $60,000 has become a key psychological support level for the bulls. If this support is broken, the price could further decline to the $50,000 range.