Bitcoin Rebounds as Tariff Uncertainty Wipes $100 Billion from Crypto Market

The cryptocurrency market experienced a significant downturn, losing approximately $100 billion in total value amid growing uncertainty over international tariff policies. Bitcoin (BTC) bore the brunt of the selloff, slipping below the $65,000 threshold in the last 24 hours before staging a tentative recovery. This sudden volatility was triggered by a flight from risk assets as investors reacted to potential shifts in global trade dynamics. Despite the current attempt at a rebound, technical indicators from the options market suggest a prevailing bearish sentiment among traders. Analysts point to price targets near $60,000 as a potential downside risk if macroeconomic pressures persist. The broader market remains highly sensitive to macro-political developments, with elevated volatility expected to continue in the near term.