BTC Price Plummets Amid Tariff‑Driven Market Volatility
On Sunday evening, the btc price fell sharply, dipping under the $78,000 mark as investors braced for further turmoil. According to Coin Metrics, bitcoin traded at $77,730.03—off its January all‑time high by 28%—after spending much of 2025 above $80,000. The drop came as U.S. equities suffered their worst decline since 2020, triggered by President Trump’s rollout of restrictive global tariffs and China’s forceful retaliation.
Cryptocurrencies, which often mirror big tech stocks and serve as sentiment gauges, initially held up last week—bitcoin even rose to end the week as stocks and gold fell. However, mounting fears of a global recession and renewed risk‑off sentiment sent digital assets sharply lower over the weekend.
Market Crash Sparks Plunge in BTC Price and Crypto Assets
The sudden downturn in bitcoin price was accompanied by broader losses across the crypto market:
- Bitcoin: Down 6% at $77,730.03, marking its steepest one‑day drop in months.
- Ether & Solana‑Linked Token: Each tumbled roughly 12%, underlining the severity of the rout.
- Long Liquidations: Over $247 million in bitcoin longs and $217 million in ether longs were liquidated in the past 24 hours, per CoinGlass.
These forced sales exacerbated the slide, as traders betting on higher prices were compelled to exit positions to cover losses.
Nikkei Plunges Over 8% as Asian Markets Reel from Tariff Turmoil
Two‑Day Toll: $7.46 Trillion Wiped from Global Markets
Investors dumped risk assets around the clock, wiping out trillions in value:
- U.S. Stock Market: Lost $5.87 trillion over two sessions, the worst stretch since the pandemic.
- Other Global Markets: Suffered a $1.59 trillion hit, including Asian and European exchanges.
- S&P 500 & Nasdaq Composite: Both indices plunged nearly 6% on April 4, intensifying fears of a deeper downturn.
Author and commentator Holger Zchaepitz highlighted on X that Trump’s tariff announcement “wiped out $8.2 TRILLION in stock market value—more than was lost during the worst week of the 2008 financial crisis.”
Dow, S&P, Nasdaq Futures Tumble as Tariff‑Induced Sell‑Off Deepens
Comparisons to 1987 Crash and Expert Warnings
With equities reeling, comparisons to past market meltdowns surfaced:
Jim Cramer, host of CNBC’s Mad Money, warned that a “1987‑style mega crash” remains possible despite modern circuit breakers designed to slow panic selling.
“Those who bottom‑fished are sleeping with the fishes … so far,” Cramer cautioned on X, underscoring the uncertainty gripping traders.
Investment bank Lazard’s Ronald Temple echoed the risk of escalating retaliation, predicting “broad‑based retaliation from other countries in the weeks and months ahead,” which could deepen economic damage beyond a gradual tariff buildup.
Crypto Community Sees Potential for Rebound
Despite the weekend’s losses, some traders believe the btc price slump may set the stage for a swift recovery:
- Max Keiser boldly predicted bitcoin could soar to $220,000 this month as trillions in wealth seek a safe haven.
- Daan Crypto Trades noted that while the VIX for stocks has spiked, BTC volatility is compressing—often a prelude to a major move.
- Cas Abbe suggested the recent drop to $76,000 could be a “fake breakdown,” waiting for a weekly reclaim of $92,000 to confirm an uptrend.
These diverging views highlight bitcoin’s unique position: influenced by broader markets yet capable of independent rallies when sentiment shifts.
Final Thoughts
The latest sell‑off in the btc price underscores how cryptocurrencies remain intertwined with global risk assets. With U.S. tariffs fueling recession fears and long liquidations accelerating the decline, bitcoin’s path forward hinges on whether equities can stabilize. For now, traders and investors will watch closely for any signs of a market bottom—or another wave of volatility.
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