$BTC

The price of Bitcoin crashed below $80,000 on Monday morning as financial markets reacted to ongoing concerns over inflation and a possible U.S. recession, fueled by President Trump's comments over the weekend.

Asked by Fox News in a Sunday interview about whether he expects a recession this year, Trump declined to rule it out.

"I hate to predict things like that," he replied, adding that there will be a "period of transition" as the economy digests his sizable tariffs on neighbors Canada and Mexico, as well as China. Trump's moves around tariffs, including delays and shifts in the scale of them, have rocked markets for weeks