Bitcoin has fallen below $100,000 for the first time in six days, prompted by US President Donald Trump signing an executive order to impose import tariffs on goods from China, Canada, and Mexico. The tariffs include a 25% additional tariff on imports from Canada and Mexico, and a 10% additional tariff on Chinese imports. This move has led to retaliatory measures from these nations, with Canada planning a 25% tariff on $106.5 billion worth of US goods, China filing a complaint with the WTO, and Mexico considering both tariff and non-tariff measures. As a result, Bitcoin traded at $99,540, with approximately $22.7 million in long positions liquidated in anticipation of the market impact. Opinions within the crypto industry are mixed, with some believing that the tariffs represent a significant risk to crypto markets while others argue the market's reaction may be exaggerated. Criticism regarding Bitcoin's correlation to broader markets has also emerged in response to these economic pressures.

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