After the Global Market Meltdown, Bitcoin and Crypto prices descended rapidly. Bitcoin, the leading cryptocurrency, plunged down to $77,000. The 10% decline has raised concerns in the financial markets, especially after the Global Market Crash. The Crisis started after Donald Trump announced sweeping tariffs, causing outrage amongst its trading partners.
The sharp decline in the price of Bitcoin currency sends waves of panic to traders, as they move ahead to sell off their assets and withdraw funds. Traders are still anxious as the bitcoin correction can eventually lead to a Total Market Meltdown.
Crypto Analyst Charlie Sherry said “Bitcoin has recently lost the $79,000 to $80,000 support level, which it had managed to hold for the past month.” Bitcoin soared high as it went above $100,000 when Trump won the elections in January 2025. However, after introducing import duties and tariffs, the value of the cryptocurrency plummeted by 10%, causing shock to investors and traders.
The Imposition of the Tariffs also caused a great impact on other major currencies like Ethereum, Dogecoin, XRP, Cardano etc, as their prices significantly declined. Ethereum went down to $1,519 and Cardano to $0.92. A total value of 1.3 trillion was wiped off the financial market, causing a huge loss. Analyst Sherry believes the Federal Reserve’s “emergency intervention” or a “potential shift in Trump’s stance” can help escalate the prices and reach above $80,000.
After the Crash, it is difficult for analysts to predict the future of the market, especially after the risk of digital currencies escalates. Crypto Analyst Sarah Thompson said, “We’ve seen a lot of uncertainty in the market lately. The drop is alarming, but not unexpected.” This could mean the prices may soar high and bounce back. However, after the heated tiff between the US and its trading countries, some analysts predict it may not remain temporary.
Amid the Global Market Meltdown and Cryptocurrency prices plunging down, Trump’s persistence on his decision is making the situation more problematic. The market celebrated joyfully after Trump’s win. If negotiations are successful with other countries, there’s a slight chance of the market improving.
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