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Bitcoin Dips Below $77K Amid Escalating U.S.-China Trade Tensions Under Trump

In a fresh wave of financial turbulence, Bitcoin (BTC) fell below the $77,000 mark on Tuesday, as global investors reacted nervously to the latest escalation in U.S. President Donald Trump's intensifying trade war.

Earlier in the day, Bitcoin had momentarily rebounded to $80,000, bolstered by gains across the three major U.S. stock indexes. However, as markets absorbed the looming impact of unprecedented tariffs, BTC retreated once again, hitting a low of $76,814 before slightly recovering.

Tariff Shockwaves Hit Markets

Following last week's controversial “Liberation Day” address, the White House implemented a 10% baseline tariff on all imports into the United States. But the real market tremor came from the individualized “reciprocal” tariffs — some of which soared dramatically.

Chinese imports will face an additional 50% tariff on Tuesday, bringing the total to a staggering 104%, confirmed White House press secretary Karoline Leavitt.

This tit-for-tat escalation has left markets in disarray, with analysts struggling to predict short-term stability.