Bitcoin fell to a three-week low near $114,000 following the announcement of trade tariffs by US President Donald Trump. The cryptocurrency experienced a 2.6% decline, marking a 6.5% drop from its all-time high of $122,800 recorded on July 14. The tariff order, which included increased tariffs on Canada and other countries, triggered significant sell-offs in both stock and crypto markets, leading to $110 billion in capital exiting crypto markets over 12 hours. Additionally, over 158,000 traders experienced liquidations amounting to $630 million. Analysts noted that investors may be engaging in profit-taking amid increased market volatility, influenced by geopolitical tensions and macroeconomic uncertainties. Despite the dip, Bitcoin achieved its highest-ever monthly candle in July at $115,784, although it was not the largest monthly increase recorded in the past year. The market situation remains uncertain, with a potential deal with China being seen as a factor that could stabilize conditions.

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