Bitcoin has fallen below $87,000, driven by heightened market volatility and macroeconomic concerns. The recent decline is attributed to Bitcoin's four-year issuance cycle and a tweet from Trump suggesting a potential second tariff war, which led to a $20 billion sell-off. Despite a 30% correction, analysts like NDV's Jason Huang remain cautious about declaring a bear market, highlighting Bitcoin and gold's performance as investors look for inflation hedges.