$BTC

As of today, April 7, 2025, Bitcoin (BTC) has experienced a notable price drop, falling below 80,000. This decline has been widely reported in recent news, with several factors contributing to the downturn. On Sunday, April 6, Bitcoin dipped below 80,000 for the first time since mid-March, reaching a low of around 74,440 before partially recovering to approximately 78,146 by Monday afternoon. This represents a significant pullback from its recent highs, with the cryptocurrency down roughly 10% since late last week and 16% for the year so far.The primary catalyst for this drop appears to be escalating global market concerns triggered by U.S. President Donald Trump’s announcement of sweeping tariffs. These tariffs, introduced last week, have sparked fears of a global trade war and economic slowdown, prompting investors to shift away from risk assets like Bitcoin toward traditional safe havens such as gold, which hit a record high above 3,150 per ounce. The broader financial markets have also been rattled, with U.S. stock index futures dropping sharply and crypto-related stocks, such as MicroStrategy and Coinbase, declining by double-digit percentages on Monday.Analysts have pointed to additional pressures on Bitcoin’s price. Technical indicators suggest bearish momentum, with some noting that Bitcoin broke below its 200-day moving average last month and is now testing key support levels around 74,000 to 75,000.