Overview

• Bitcoin's price dropped 7% in 24 hours to $77,500, marking a 28% decline from its January peak of $110,000.
• The global cryptocurrency market has lost $1.3 trillion in value since January, with Ethereum, Solana, and Dogecoin seeing sharper declines than Bitcoin.
• President Trump's 10% blanket tariffs and China's retaliatory 34% tariffs have triggered global economic uncertainty and heightened fears of a U.S. recession.
• Analysts have identified $72,000 as the next critical support level for Bitcoin after it lost the $79,000 to $80,000 range over the weekend.
• Market liquidations surged, with Bitcoin experiencing $250 million in long liquidations in the past 24 hours, reflecting broader volatility in financial markets.