Bitcoin Falls Below $80K As Trump’s Tariffs Spark Recession Fears And Over $7 Trillion In Market Losses

Benzinga

Bitcoin fell below $80,000 as global markets reeled from President Donald Trump’s new tariffs, according to CNBC. The duties triggered fears of a global recession and wiped out over $7 trillion in market value over two trading sessions. The cryptocurrency dropped 4% to nearly $76,000 on Monday and is now down nearly 30% from its January peak. Bitcoin saw over $400 million in long liquidations in 24 hours as falling prices forced traders to sell and cover losses, according to CoinGlass.

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00:00It's Benzinga bringing Wall Street to Main Street.

00:02Bitcoin fell below $80,000 as global markets reeled from Donald Trump's new tariffs,

00:07according to CNBC.

00:08Duty's triggered fears of a global recession, wiped out over $7 trillion in market value

00:13over two trading sessions.

00:15Cryptocurrency dropped 4% to nearly $76,000 on Monday.

00:19It's now down nearly 30% from its January peak.

00:23Bitcoin saw over $400 million in long liquidations in 24 hours as falling prices forced traders to

00:28sell and cover losses, according to Coinglass.

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