#BTCBelow80K

The decline occurred days after the U.S. President Donald Trump announced massive new import tariffs, which sparked concerns about a new trade war and a slowdown in the world economy. The crypto market initially showed some resilience last week, with traders speculating that Bitcoin might act as a “safe haven” as tech stocks slumped. But by Sunday night on Apr. 6, that narrative had flipped.

As U.S. stock futures opened in early Asia hours, markets turned red. The Nasdaq 100 contracts fell 5% and both the S&P 500 and Dow Jones futures each dropped more than 4%. Japan’s Nikkei 225 sank 6%, Australia’s ASX 200 fell 5%, and South Korea’s Kospi dropped 4.4%, as per Yahoo Finance