Bitcoin has reached a near two-week low, continuing its downward trajectory as U.S. trade tariffs under President Donald Trump weigh heavily on market confidence.

The leading cryptocurrency fell 1% to $82,045.2, with a temporary dip to $81,300, as traders reacted to increasing recession threats, particularly after Goldman Sachs predicted an economic slowdown by 2025.

Further exacerbating the negative market sentiment was the transfer of 4,000 Bitcoins, worth approximately $332 million, to the Kraken exchange, suggesting possible sales.