Bitcoin has tumbled below $75,000, marking a steep 10% drop from $84,000 last week, as President Trump’s sweeping 10% baseline tariffs send shockwaves across global financial markets. Hitting an intraday low of $74,637, the crypto crash reflects wider investor unease as risk assets reel from the prospect of a prolonged global trade war.
The decline comes in tandem with traditional markets, where the Dow Jones and global equities are also slumping. Bitcoin, once touted as a hedge against macro volatility, is now behaving more like a high-risk asset. Ethereum has plunged nearly 15%, falling to $1,544, amid a wave of market volatility that triggered over $853 million in liquidations. The crash has impacted more than 280,000 traders and dragged down major tokens including Solana and XRP.
Analysts warn the pain may not be over. Having breached the $96,000 support weeks ago, Bitcoin’s 28% drop from its $109,000 January high signals deeper bearish pressure. Investor sentiment has taken a sharp hit as the Federal Reserve signals caution on rate cuts due to persistent inflation concerns, while China has retaliated with 34% tariffs on U.S. goods. The resulting panic selling has erased over $7.4 trillion in global stock market value in just two days.
As economic tensions escalate and markets await further policy moves, Bitcoin’s recent crash underscores its growing entanglement with global financial narratives—and the volatility that comes with it.
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