Bitcoin's price plummeted to approximately $78,000, marking its lowest point in 2025. This significant drop reflects growing concerns over escalating global trade tensions.
Amid escalating global trade tensions and a significant drop in Bitcoin's value, shares of crypto-related companies experienced substantial losses.
Donald Trump's announcement of new tariffs, particularly targeting China, has intensified fears of a global trade war, leading to a broad retreat from risk assets.
China's retaliatory measures against U.S. tariffs have exacerbated market volatility, contributing to the sharp decline in crypto prices & related stocks.
The U.S. stock market also faced significant volatility, with the Dow Jones dropping as much as 1,700 points during the day before closing down 349 points (0.9%)
The recent downturn challenges the notion of Bitcoin as a safe-haven asset during times of economic instability, as it mirrored the decline of other risk assets.
Analysts express concern that prolonged trade tensions could lead to a bear market, with investor sentiment rattled and global economic stability at risk.