The cryptocurrency market experienced a significant downturn on Sunday, with Bitcoin falling below $82,000 and wiping out billions in market value. This selloff was linked to escalating trade tensions between the U.S. and other nations, fueled by concerns over rising inflation. Bitcoin’s drop to $81,700 from last week’s high of $88,000 represents a 2% decline within the past 24 hours. Altcoins like Avalanche (AVAX), Polygon (MATIC), Near (NEAR), and Uniswap (UNI) also witnessed significant losses, with market capitalization dropping by $115 billion in a short time. Ethereum (ETH) experienced its lowest point in almost four years, falling to $1,775. The decline is partly attributed to the lack of demand for spot ETH ETFs which have not attracted any inflows since March. Meanwhile, Bitcoin ETFs garnered more than $1 billion in the first two weeks, signaling a shift from Ethereum towards BTC by institutional investors. U.S. tariffs on auto, pharmaceuticals and semiconductors set to commence on April 2nd contributed to market uncertainty. The S&P 500 and Nasdaq also fell 2% and 2.8%, respectively, reflecting broader investor concerns. Crypto-related stocks, including MicroStrategy (MSTR) and Coinbase (COIN), took a hit as well. The selloff coincides with growing worries about inflation risks, which could negatively affect the overall market sentiment. The correlation between Bitcoin and equities is still high, suggesting that broader economic factors will continue to play a significant role in the price of Bitcoin.