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The crypto market experienced a downturn following the introduction of new US tariffs by the Trump administration. On February 27th, Bitcoin’s price plummeted over 4% globally, reaching its lowest point since November, trading at $84,940. Market analysts attribute this selling pressure to President Trump’s announcement of 25% tariffs on imports from the EU. This move has seemingly triggered investor uncertainty and a subsequent sell-off in the cryptocurrency sector. While facing this global pressure, Bitcoin on Indian exchanges trades higher, around $89,345.
