Bitcoin Drops Over 5%, Briefly Falls Below 88,000 USD Level

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Former US President Donald Trump's threat to impose tariffs on certain European countries has triggered a more than 5% decline in Bitcoin, with the cryptocurrency briefly falling below the 88,000 USD level.

Options investors now estimate a 30% probability that Bitcoin will drop below 80,000 USD by the end of June this year. Data from a trading platform shows a high volume of open put options for Bitcoin between 75,000 and 80,000 USD, indicating market expectations that Bitcoin could potentially fall as low as 75,000 USD.