Bitcoin's sharp decline over the weekend has put the broader cryptocurrency market on edge, with traders now gauging the fallout from Donald Trump's proposed global tariffs and the potential for further losses.
The leading digital asset fell below $77,000, marking a drop of more than 10 percent from its record high of almost $90,000 just a week earlier.
The broader concern is whether the current correction signals a deeper crisis for digital assets tied to mounting macroeconomic pressures.
The fall in bitcoin's price has resulted in a loss of $1.3 trillion in the crypto market since January, raising concerns about the impact of Trump's tariff policies and the potential for a global trade shock and recession-like conditions.