Bitcoin & Altcoin Prices Plunge After ‘Black Monday,’ But Will They Surge Back?

Bitcoin and most altcoins experienced a significant downturn on Monday as the market reacted to recession fears. Bitcoin (BTC) fell to its lowest point since November, with some cryptocurrencies like Ethereum (ETH) crashing below $1,500. The sell-off was fueled by investor panic surrounding the potential economic slowdown following Donald Trump’s announcement of continued trade tariffs and a looming recession. Market volatility mirrored the performance of traditional stock markets, where major indexes saw losses exceeding 5%. However, there are reasons to believe that Bitcoin and altcoins may rebound soon. First, reports indicate that President Trump is open to negotiating with other countries, including Vietnam, which has agreed to eliminate tariffs on US goods. Second, a potential influx of stimulus from the Federal Reserve, potentially in the form of interest rate cuts or quantitative easing, could provide much-needed support for the cryptocurrency market. This comes as traders expect five rate cuts this year, and some analysts predict that the Fed will prioritize economic growth over tackling inflation driven by tariffs. This historical precedent suggests a potential turning point for Bitcoin and altcoins.