The recent decline in Bitcoin’s price below $100,000 is primarily attributed to the U.S. government’s decision to impose tariffs on imports from China, Mexico, and Canada. This policy shift has heightened economic uncertainties, leading investors to move away from riskier assets like cryptocurrencies. Additionally, on-chain data indicates a decrease in Bitcoin demand compared to previous months, and long-term holders have increased their selling pressure, further contributing to the downward trend.