Bitcoin has fallen below $80,000 and is now selling at roughly $76,221, almost 30% less than its peak in January.
This drop occurs as a result of President Donald Trump’s stringent international tariffs, which are causing considerable volatility in U.S. stocks.
Despite the fact that Bitcoin usually reflects general market movements, it initially remained stable above $80,000 as stocks fell. Eventually, though, it followed the market’s downward trend.
Additionally, other cryptocurrencies experienced larger losses, with Solana’s token and Ether declining by roughly 6% and 8%, respectively.
Source (CNBC)
