Bitcoin (BTC) has experienced a notable decline, falling below the $89,000 mark in response to a series of troubling events. The recent Bybit hack has compounded fears, with notable ETF outflows adding to market uncertainty. Additionally, President Trump’s tariffs on Canada and Mexico exert additional pressure on the global markets, affecting various financial assets, including cryptocurrencies. As traders react to these developments, many are left wondering about the potential for recovery and the future direction of Bitcoin’s price. With many factors at play, the crypto community remains on high alert as it watches Bitcoin’s response in these turbulent times.