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Bitcoin live updates: Crypto price tumbles to $89k after Trump tariffs create market panic

Markets plunge almost 8% over worries about hacks and memecoins



Bitcoin's price crashed to around $89,000 amid market panic triggered by Trump's tariffs, fears of a $1.5 billion hack on Bybit, concerns over the US Federal Reserve's policies, and unmet promises from Trump regarding crypto support. Ethereum, the second-largest cryptocurrency, experienced even greater declines. Experts suggest negative sentiment may persist, though long-term optimism remains.

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