The cryptocurrency market experienced a significant downturn as the global economy grapples with escalating trade tensions and potential recession fears. Bitcoin dipped below $78,000 this morning, sending ripples through the stock market, where U.S. futures plummeted and the S&P 500 entered bear market territory. Asian markets are bracing for a tumultuous start to Monday amidst widespread selling of stocks as fears mount about the economic fallout of the trade war. 24-hour volume saw over $900 million in Bitcoin positions liquidated, while Ethereum also took a significant hit, falling to its lowest point since October 2023. Crypto experts predict a challenging day for investors holding their positions in Bitcoin ETFs.