Bitcoin has plunged as much as 12% in the past 24 hours, falling below the critical $75,000 threshold.
The sharp decline comes amid a broader sell-off in Asian and European markets following U.S. President Donald Trump’s announcement of sweeping tariffs, which has rattled global investor sentiment.
According to data from crypto.news, Bitcoin dropped as low as $74,604 over the past day. The world’s largest cryptocurrency by market capitalization is now trading nearly 30% below its all-time high of $108,786, recorded just three months ago.
At the time of reporting, Bitcoin has shown a slight recovery to $73,793 but has yet to climb back above the $75,000 mark.
The dip has significantly impacted Bitcoin’s market capitalization, which has fallen by nearly 8%, erasing approximately $67 billion. Its market cap now stands at around $1.48 trillion.
The cryptocurrency’s slump mirrors turmoil in traditional financial markets, particularly in Asia, where stock indices are experiencing their steepest two-day losses in five years.
On April 7, Japan’s Nikkei 225 index closed 7.8% lower, while the broader Topix exchange dropped 7.7%. Meanwhile, China’s Shanghai Composite Index ended the session more than 7.3% down.
Market analysts are closely monitoring the situation, citing global economic uncertainty and regulatory concerns as key drivers of recent volatility.