Bitcoin Price Crashes 10% to $75K as Trump Tariffs Rock Markets

Bitcoin (BTC) plunged below the critical $75,000 support level on Monday as global markets reeled from President Trump’s aggressive new tariff policies. The leading cryptocurrency dropped 10% in 24 hours amid a broader market selloff that saw Asian stocks experience their worst decline since the 1997 financial crisis.

The dramatic market moves come as Trump’s announcement of sweeping new tariffs triggered a wave of panic selling across all asset classes. Hong Kong’s Hang Seng index crashed 14%, while major cryptocurrencies faced severe pressure.

Market Impact Breakdown

• Bitcoin (BTC): Down 10% to $75,000
• Ethereum (ETH): Plunged 22% to $1,514
• XRP: Crashed over 20%
• Solana (SOL): Dropped more than 20%
• Bitcoin Dominance: Rose to 63%, highest since 2021

Global Market Turmoil

The selloff intensified after China announced retaliatory 34% tariffs on all U.S. goods. Traditional safe-haven assets like U.S. Treasury bonds saw increased demand, with the 10-year yield dropping 3 basis points to 4%.

Expert Analysis

Bill Ackman urged for a 90-day pause on tariffs to prevent what he called a “self-induced economic nuclear winter.” Meanwhile, Goldman Sachs raised its recession probability to 45% and brought forward its Fed rate cut expectations.

What’s Next for Bitcoin?

Key support levels to watch:

• $72,000: Previous resistance turned support
• $70,000: Psychological level
• $65,000: 2021 all-time high

FAQ

Q: Why is Bitcoin falling with stocks?
A: The correlation between Bitcoin and traditional markets often increases during periods of macro uncertainty and risk-off sentiment.

Q: Could this trigger a crypto bear market?
A: While significant, Bitcoin’s 63% market dominance suggests potential rotation rather than complete market exodus.

Q: What are the key levels to watch?
A: The $70,000 psychological level and previous ATH at $65,000 represent crucial support zones.