#BTCBelow80K

Bitcoin fell sharply to a near one-month low in early morning trade on Monday, extending recent losses as risk appetite was decimated by U.S. President Donald Trump imposing steep trade tariffs and sparking a global trade war. 

Traders remained on edge over a potential “Black Monday” event akin to a market crash seen in 1987, where global stock markets could fall sharply on Monday after logging steep losses in the past week.

Cryptocurrency markets largely slumped in tandem with stocks, as global appetite for risk-driven stocks largely unwound. Total crypto market capitalization also slumped by about $500 billion since last week. 

Bitcoin fell as much as 8.6% to $75,867 by 05:22 ET (09:22 GMT), marking its lowest level since November 2024.