Crypto Carnage: Bitcoin Tumbles Below $78K as Trump Tariffs Spark Market Meltdown

The cryptocurrency market experienced a dramatic downturn in Asian trading hours, with major digital assets taking a significant hit. Bitcoin plummeted to $77,077, while Ethereum tumbled to $1,538 as market tensions escalated. The sharp decline comes in the wake of renewed trade tensions, triggered by Donald Trump's aggressive tariff policies, which sent shockwaves through global financial markets.
Investors witnessed a widespread risk-off sentiment, prompting massive liquidations across cryptocurrency and traditional equity markets. The sudden selloff underscores the volatile nature of digital assets and their sensitivity to broader economic and geopolitical developments. Traders and analysts are closely monitoring the market for potential signs of recovery or further potential downside.
The current market movement highlights the intricate relationship between global economic policies and cryptocurrency valuations, demonstrating once again the complex ecosystem in which digital assets operate.