#RiskRewardRatio Bitcoin Falls Due to Trade Tensions and the Crypto Market Contracts

The price of Bitcoin plummeted below $75,000 on Monday, its lowest since March, amid fears over rising trade tensions between the U.S. and China. The leading cryptocurrency lost 6% in 24 hours, dragging others like Ethereum (-13%) down with it. The global market capitalization of crypto was reduced to $2.62 trillion.

The imposition of tariffs and retaliatory measures impacted traditional markets, with Wall Street suffering significant losses. Despite the drop, Bitcoin's trading volume increased. There is hope for a rebound if the disclosure of U.S. government cryptocurrency reserves proves positive.

Market sentiment is one of "Extreme Fear," and Bitcoin faces a key technical point at $80,000.