The crypto world was rattled yesterday after Trump's announcement of 100% tariffs on Chinese tech, triggering a record $19+ billion in liquidations and sending Bitcoin plunging nearly 8%.
Bitcoin dropped under $110,000 before recovering, and now it sits around $112,000 with daily volume surging as traders scramble for stability.
Some market analysts are drawing attention to early upcoming crypto projects like Remittix, suggesting that those who missed Bitcoin's early days may find similar upside in PayFi-focused tokens.
Bitcoin price prediction models are currently receiving close attention from analysts and investors. Following the drastic correction in the market, Bitcoin is currently testing key support between $106,000 and $110,000, with resistance being slightly above $122,000.
Author's summary: Bitcoin's price plunges after Trump's tariffs announcement.