Bitcoin dips below $76K, tests support at $74K amid US-China tariff concern

Bitcoin Price Today, April 9, 2025: Cryptocurrencies were under pressure on Wednesday, April 9, with the flagship Bitcoin (BTC) skidding below $76,000 following US President Donald Trump’s announcement of a 104 per cent tariff on Chinese goods, which put additional pressure on the Chinese yuan. The announcement led to a decline across the equity markets too, as the US’s tech-heavy Nasdaq fell 2.15 per cent overnight in the US. Among the Asian markets, Japan’s Nikkei was the top laggard and fell over 4 per cent on Wednesday morning.