Bitcoin falls below $ 80,000 in the middle of Trump Tariffs

Bitcoin fell sharply 7. April, throwing almost 7% on the three-week low from $ 77,077.

The fall has occurred days after US President Donald Trump announced Massive new import tariff, which caused concerns about the new trade and deceleration in the world economy. The Cripto Market showed some resilience last week, and traders speculate that Bitcoin could act as a “safe refuge” as technical supplies have fallen. But until Sunday night 6. April, that narrative turned.

As American stocks open in the early hours of Asia, the markets became red. NASDAK 100 The contract fell 5%, and the S & P 500 and the DOV JONES FUTURES fell more than 4%. Japan Nikkei 225 sunkens 6%, ASKS 200 Australia ASKS 200 fell 5%, and South Korea could fall 4.4% according to Yahoo Finance data.

Bitcoin followed, crashed past the stock market. According to coigiglass dataNearly $ 778 million in long cryptological positions were liquidated in the last 24 hours, marking the biggest wipeout in almost six weeks. Other color that also suffered with salt salt (Salt) stray at only $ 107 and Ethereun (El) Falling to $ 1,538, lowest from October 2023. Years.

Trump’s new policy imposes a 10% tariff on most imports, with even larger rates for certain nations, such as 34% on Chinese imports and 20% on EU goods. Financial markets were upset The aggressive move and investors are prepared for extended economic instability.

As markets are sloping, “Black Monday” started in the KS, with the beneficiaries dealing with the infection in 1987. year, when the brought industrial average united 22.6% in one day, the largest one-day percentage in the history of the American market.

Hedge Fund Bill Ackman, in the amount of 7 fields on X, warned of “economic nuclear winter” if they continue Trump policies. “We will seriously harm our reputation with the rest of the world,” he published.

Sentiment also picked up in cryptic circles. CRIPTO FEAR & GREED INDEX FROM 11 POINTS at 23, reflecting “extreme fear”. Still, not all bears. Bitmek Co-Founder Arthur Hayes suggested 4 April mail In K that he overlooked that he could eventually drive more investors in Bitcoin as a vernette against centralized politics. Does that break come soon or not, Bitcoin resistance will be tested in the coming days.