Bitcoin Fall 2.6% go reach $114k because US Tariffs, $630M Don Liquidate
Bitcoin price drop small small, e comot 2.6% to $114,250, e reach three week low after say U.S. President Trump send exec order make trade tariff high for key partners. This kain move make crypto market scatter, market come dey shake. For 24 hours before the tariff blow, over 158,000 long positions wey worth $630 million don comot, spot crypto market comot $110 billion. Even though e drop, Bitcoin July monthly candle close for record $115,784, e show say market still get power. Analysts feel say the drop na small small adjustment wey tariff fear, traders wey dey collect profit, and political wahala cause am. Dem dey advise traders say make dem dey watch U.S–China trade talk plus support wey near $111,000 well well to sabi where price go head.
Bearish
Di U.S. tariff order trigger risk-off response, e cause profit-taking and forced liquidation of over $630 million for long Bitcoin positions, wey immediately pressure di market. Spot outflows of $110 billion still show say trader confidence don sink and volatility don increase. Short term, Bitcoin price likely go remain under pressure as traders dey watch di $111,000 support level and di progress for U.S.–China trade talks. But if geopolitical tensions reduce and negotiations move forward, e fit make Bitcoin long-term fundamentals regain strength, fit even reverse di current sell-off.