#RiskRewardRatio Bitcoin's price has dipped below $80,000, currently trading around $75,628, due to global market volatility and fears of a potential crash similar to 1987's Black Monday. This decline is also attributed to US President Donald Trump's sweeping trade tariff announcements, which wiped out $8.2 trillion in stock market value.¹ ²

*Key Factors Influencing Bitcoin's Price*

- *Global Market Sell-Off*: The sell-off extended to crypto markets, with Ethereum (ETH) taking the worst hit among popular cryptocurrencies.

- *US Trade Tariffs*: Trump's tariff hikes have spilled into crypto, pushing Bitcoin below the $80,000 mark.

- *Market Volatility*: The VIX (Volatility Index) has closed at its highest level since the COVID crash in 2020, while BTC volatility is compressing, setting the stage for a major breakout in crypto.³