The imposition of mutual tariffs by the United States has caused major cryptocurrencies, including Bitcoin, to record a downward trend.
According to the cryptocurrency market monitoring site CoinMarketCap on the 9th, Bitcoin is undergoing a transaction at $76,885 as of 7 a.m. that day. This represents a 3.06% decrease compared to the previous day. Meanwhile, Ethereum is trading at $1,465, marking a decline of 6.45% from the day before.
Bitcoin began to show weakness on the 3rd, the day after U.S. President Donald Trump announced the mutual tariff imposition policy, fluctuating around the $80,000 mark before falling to the $74,000 level on the 7th.
Joo Ki-young, CEO of CryptoQuant, noted on the 6th through X (formerly Twitter) that "the Bitcoin bull market is over" and that "the likelihood of a short-term rebound appears low." He also said last month that "the Bitcoin market is likely to remain in a bear market or sideways market for the next 6 to 12 months."