The cryptocurrency market experienced a dramatic downturn on Monday, resulting in over $1.4 billion in liquidations that wiped out bullish sentiment across the board. Bitcoin (BTC) plummeted below the $76,000 mark and altcoins suffered heavy losses as investors reacted to global market uncertainty triggered by economic concerns and geopolitical tensions. This volatile day echoes a trend of sharp declines following US stock market volatility which saw the S&P 500 fall almost 6% and the Nasdaq 100 drop 6.2%. Reports suggest that these crashes are a result of fears related to President Trump’s escalating trade policies impacting over 180 countries globally, leading to widespread market instability.