Bitcoin price crashed below $75,000 in the last 24 hours, slipping for the second time in a week. It dropped from $80,156 to $74,627 — a sharp fall of nearly 7%, highlighting rising market fear as Donald Trump’s 104% tariff on Chinese goods officially takes effect.
Riskier assets like equities and cryptocurrencies took a major hit. Bitcoin is now down 11% in the week, while Ethereum (ETH) led the altcoin crash with over 25% weekly losses.
Investors are growing increasingly nervous as the world’s two largest economies engage in a full-blown tariff war. Institutional selling has returned, with BlackRock’s iShares Bitcoin Trust (IBIT) dumping 3,296 BTC on Monday. It marked the third-largest ETF outflow since the fund launched, with total Bitcoin ETF outflows hitting $326 million.
Just days ago, Bitcoin touched $80,400 in a short-lived relief rally. But the optimism quickly faded, and the market fell into what looks like a classic bull trap. Coinglass data shows $390 million in crypto liquidations amid the sharp correction.
Since the start of 2025, Bitcoin is down over 18% under Trump’s leadership. Analysts warn a further drop to $70,000 or below could be on the horizon if the stock market continues to slide.
Experts like Arthur Hayes and Peter Schiff believe the Fed may need to act soon. Hayes said, “The Fed is on the clock, shit is breaking down,” as bond yields rise while stocks fall — a troubling combo signaling deeper economic stress.
Also Read: Bitcoin Will Be the Winner in Tariff War: Bitwise CIO
