Bitcoin Crashes to 3-Week Low

Bitcoin fell over 6 percent to $77,700 on Sunday, hitting a three-week low as markets reacted sharply to new US tariffs imposed by President Donald Trump last week. Ethereum plunged nearly 12 percent to $1,575, while the broader crypto market mirrored heavy declines in US equity futures. S&P 500 E-mini futures dropped 4.3 percent, Dow futures fell 4 percent, and Nasdaq 100 futures sank 4.6 percent during early Asian trading, indicating heightened global risk aversion. The sell-off followed the enforcement of sweeping new US tariffs on Saturday, including a flat 10 percent levy on nearly all imports. Country-specific rates were even higher—34 percent on Chinese goods and 20 percent on imports from the European Union—aimed at matching trade barriers faced by US exports. The crypto market, stable through the weekend, began falling in the early hours of Monday. The mood signaled something major. Some investors believe the situation could still reverse. Not everyone in the developed countries supports the tariff rollout pace so it is possible that a policy shift could stabilize markets. Analysts said the crypto market is entering a phase of deep uncertainty. Trump’s tariff push is like seeking leverage while managing downside risk. One tweet can reverse sentiment, another analyst said. A further downside is possible if the EU retaliates against Donald Trump’s tariffs, but many investors are already watching for re-entry points. Bitcoin and other coins are in red at the moment, but a rebound isn’t that far off either.