The price of Bitcoin and many other cryptocurrencies has just plunged to new lows over the weekend as the fallout from President Trump's reciprocal tariffs sends the global economy into disarray.
On Monday, Bitcoin price dropped by 4% to $76,353.71, according to Coin Metrics. This marks a sharp decline from its recent high of nearly $85,000 on Friday and leaves cryptocurrency down almost 30% from its all-time high in January. The price of Bitcoin is currently sitting at about 28% from its January peak.
While on paper, the drop might be not that significant, but investors are saying that they are bracing for heightened financial market volatility following the rollout of President Donald Trump's restrictive global tariffs and the significant pressure of a global recession intensifies.
Similar to Bitcoin, other major cryptocurrencies have also been hit hard. Ether and Solana’s token extended their two-day losses to 15% and 13%, respectively.
Over the weekend, rattled investors were quick to offload the cryptocurrency on their hand to avoid further market carnage. Since Trump announced his retaliatory tariff, it has fueled fears of the global economic slowdown, prompting investors to take a more conservative stance by selling off riskier assets, such as cryptocurrencies.
Will Clemente, an independent investor and former cofounder of Reflexibity Research, believed that while we might be closer to the end of the correction for Bitcoin, investors seem to be anticipating further global market fluctuations after Trump's tariff raised recession fears in the U.S in particular.
From the beginning of the year, experts have noticed that Bitcoin has rather consistently hovering around the $80,000 mark with brief dips below this level amid market volatility. Just last week Bitcoin showed resilience by remaining relatively stable while stocks tumbled and even gold saw declines. But this strength may be temporary.
According to Clemente, recent market activities reinforce the idea that investors continue to view Bitcoin as a risk-on beta asset-one that tends to move in tandem with, or even more aggressively than, traditional equities during a period of market optimism.
But he notes that Bitcoin's relative strength observed in the latter part of last week was likely not a sign of independent momentum, but rather a case of the cryptocurrency lagging behind a broader equity rally. But he feels that if the equity markets experience a relief bounce, Bitcoin is likely to follow suit.
The recent drop also triggered a wave of long liquidations as traders betting on Bitcoin’s price increase were forced to sell their assets to cover losses. In the past 24 hours alone, Bitcoin saw more than $412 million in long liquidations, while Ether recorded $348 million in liquidations during the same period, according to CoinGlass data.
Investors have anticipated a Bitcoin correction since early this year when it reached its record high of $109,350.72 amid soaring stock market valuations. Joel Kruger, market strategist at LMAX, noted that the potential for a pullback was “evident” at that time. Clemente also pointed out that Trump’s policies were clearly going to drag on the economy and likely trigger a correction with valuations near record highs by February.
As market turmoil continues, Bitcoin is now testing the critical $74,000 level — its peak from 2024 — as a potential support level. However, some analysts warn that further declines could be on the horizon. Tracy Jin, COO of crypto exchange MEXC, suggested that Bitcoin could fall as low as $68,000 if bearish sentiment persists.
Despite short-term challenges, some experts believe Bitcoin could benefit from broader geopolitical trends over the long term. Will Clemente argued that rising deglobalization and geopolitical tensions favor a “decentralized, open-source, neutral, scarce reserve asset like Bitcoin.”
Similarly, Geoff Kendrick, Standard Chartered’s head of digital assets, noted that Bitcoin could emerge as a hedge against tariff risks and U.S. isolationism. He stated that these factors increase risks associated with holding fiat currencies and could ultimately drive demand for Bitcoin as an alternative asset class.
While Bitcoin faces immediate headwinds from global economic uncertainty and tariff-related fears, its long-term potential as a hedge against geopolitical risks remains a key narrative among bullish investors.
Cardano’s Midnight sidechain will distribute tokens to 37 million users across eight major blockchains, including Bitcoin and Ethereum, in one of the largest airdrops in blockchain history. The airdrop, called the Glacier Drop, will issue NIGHT and DUST tokens and aims to promote privacy in decentralized finance.
AnaisPakistan is planning to use its surplus electricity for Bitcoin mining and AI data centres to boost economic growth. Binance's Changpeng Zhao has been appointed as an advisor to help guide the country's crypto development and regulatory framework.
AnaisVirgil Griffith, an Ethereum developer, was arrested in 2019 for giving a lecture in North Korea on blockchain technology, violating US sanctions. After serving over three years, he was released in April 2025 and is now transitioning to parole while facing post-prison restrictions.
AnaisWFP USA is now accepting over 80 cryptocurrencies for donations to support its Emergency Hunger Relief Fund, targeting $25 million to aid 58 million people facing starvation. This move aims to modernise fundraising, reduce transaction fees, and speed up donations to tackle the global hunger crisis.
WeatherlyUS stock and crypto markets jumped after the president announced a 90-day tariff pause for all countries except China, now facing a 125% levy. Over 75 nations have entered trade talks to avoid escalation. Trump sparked controversy, claiming leaders are “calling us up, kissing my ass” for deals. As tensions rise, could this bold or stupid trade strategy trigger a financial crisis?
CatherineStrategy may be forced to sell some of its Bitcoin if prices drop further, despite Michael Saylor’s long-time promise to never sell. A new SEC filing revealed financial pressure from debt and falling markets could break the company’s “HODL” stance.
WeatherlyJanover, a commercial real estate platform, raised $42 million through convertible notes and warrants, with backing from Pantera Capital, Kraken, and Arrington Capital. The company plans to invest heavily in Solana (SOL) and integrate blockchain into real estate finance under new leadership from former Kraken executives.
WeatherlySolana has launched ‘Confidential Balances’ on its mainnet, allowing token transfers, balances, and supply data to be hidden using zero-knowledge proofs. The system supports privacy while offering optional oversight for regulators, aiming to attract institutional use.
WeatherlyZKasino’s exploit wallet suffered a $27 million loss in Ether after a leveraged position was liquidated, leaving investors still empty-handed nearly a year later. This turn of events raises questions about karmic justice in the crypto space.
CatherineThe U.S. Securities and Exchange Commission (SEC) stated that the crypto market is rife with fraud and investors aren't receiving critical information disclosures. The Chairman of the Commodity Futures Trading Commission (CFTC) warned that a new enforcement cycle will emerge within two years.
AlexBankrupt exchange FTX announced that 98% of creditors will receive a 118% cash repayment, with disbursement starting as early as September.
MiyukiStandard Chartered Bank believes that Bitcoin could benefit from Trump's victory and the dominance of U.S. fiscal policy.
WeiliangAs the US braces for upcoming elections, the political landscape is witnessing a surge in discussions surrounding digital currency policies as well as over $102M raised by crypto PACs.
CatherineThe EU's controversial Anti-Money Laundering Regulation aims to bolster financial defenses but faces criticism for potentially infringing on privacy and stifling innovation. Globally, the cryptocurrency conundrum persists, as nations grapple with balancing financial security with individual liberties in regulating this evolving landscape.
AnaisEther traders reinforce short positions as Grayscale's ETF withdrawal fuels speculation over classification, ETF approvals, and Ethereum's future trends.
AlexBitpanda partners with Raiffeisen and opens a Dubai office, leveraging regulatory clarity in Europe and the UAE to fuel crypto adoption.
MiyukiAfter a $71 million wallet poisoning scam, hackers laundered funds through 400 wallets, making them difficult to trace, but investigators remain hot on their trail.
WeiliangSEC Chair Gary Gensler has garnered attention for his notably cautious yet controversial approach to crypto, along with spearheading an assertive enforcement campaign targeting prominent companies within the crypto sector.
KikyoSocial media platforms, particularly Meta's, are increasingly targeted by scammers worldwide, raising concerns about user safety and the effectiveness of platform moderation. Despite efforts to combat scams, Meta's response to fabricated news and inadequate safety measures underscore the ongoing challenge of protecting users from online threats.
Weatherly