Bitcoin's price declined to below $77,000 as the deadline for partial implementation of U.S. President Trump's tariffs approached. These tariffs include a 10% baseline on all U.S. imports and a specific 50% additional levy on Chinese imports, resulting in a total of 104%. Despite earlier increases exceeding $80,000, Bitcoin fell around 2% within 24 hours, trading around $76,500. This downward shift comes amid uncertainties regarding the broader implications of Trump's trade policies, with Treasurer Scott Bessent indicating ongoing negotiations with over 50 countries affected. Canadian Prime Minister Mark Carney criticized Trump’s actions and announced a 25% tariff on certain U.S. vehicles in retaliation. Market experts noted that Bitcoin's price response has been relatively muted compared to previous market downturns, suggesting potential continued volatility ahead. The situation reflects ongoing anxieties over economic growth and consumer impact due to escalating trade tensions. This week, fresh inflation data is expected from the U.S. Bureau of Labor Statistics.

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