From CNBC: 2025-04-06 17:26:00

Bitcoin fell below $79,000 amid market volatility after U.S. equities plunged due to Trump’s tariffs. The flagship cryptocurrency dropped 4% to $78,835.07, down 34% from its January high. Despite usually trading like tech stocks, bitcoin held steady last week as stocks and gold fell. Other cryptocurrencies also saw losses.

Investors dumped cryptocurrencies over the weekend anticipating more market chaos post-tariffs. The global trade war fears ignited by Trump’s tariffs have rattled markets worldwide, wiping out $7.46 trillion in market value in just two sessions, with $5.87 trillion lost in the U.S. stock market alone.

Bitcoin, down 15% in 2025, is expected to continue fluctuating with equities due to global recession fears overshadowing regulatory tailwinds. Traders anticipate further volatility as the market reacts to the ongoing trade policy developments and economic uncertainties caused by the tariffs.

Read more: Bitcoin drops Sunday evening as cryptocurrencies join global market rout