Bitcoin’s price plummeted on April 7th, dropping nearly 7% to a three-week low of $77,077, coinciding with a broader market downturn triggered by U.S. President Donald Trump’s announcement of new import tariffs. The crypto market initially showed some resilience last week, but sentiment shifted as stock markets worldwide experienced sharp losses and concerns about the impact of these tariffs on global economic stability grew. The Nasdaq 100 saw a drop of 5%, the S&P 500 and Dow Jones futures each fell more than 4%, while the Nikkei 225 in Japan, ASX 200 in Australia, and Kospi in South Korea all experienced significant declines. Bitcoin’s price followed suit, reflecting the broader market downturn. The move led to a substantial liquidation of long crypto positions worth nearly $778 million within the past 24 hours, signifying one of the largest wipeouts seen in weeks. Other major crypto assets, such as Solana (SOL) and Ethereum (ETH), also experienced significant drops. Financial markets are bracing for potential economic instability fueled by Trump’s new tariffs, prompting investors to prepare for a prolonged period of uncertainty. The recent volatility has led to the hashtag #BlackMonday trending on social media platforms, echoing the infamous 1987 market crash when the Dow Jones Industrial Average suffered a massive drop. Hedge fund billionaire Bill Ackman warned about an