Bitcoin dips below $100,000, memecoins plummet as market responds to US tariffs
Bitcoin fell below $100K as the crypto market reacted to President Trump's planned tariffs on imports from Canada, Mexico, and China, which prompted retaliatory measures and a lawsuit from China filed with the WTO. Memecoins were hit hardest, with major Solana-based tokens and Trump's own memecoin dropping over 30% in the past week amid broader market uncertainty.