Bitcoin extended its sharp decline on Monday, plunging as low as $74,524, marking a drop of 31.9% from its all-time high of $109,396. The world’s largest cryptocurrency was last seen trading near $75,522, down over 9% intraday, as global investors continued to retreat from risk assets.
This steep fall came amid growing macroeconomic uncertainty triggered by a new wave of tariffs announced by U.S. President Donald Trump. The administration imposed a 25% levy on Canadian and Mexican imports, alongside a 20% hike on Chinese goods, sparking retaliatory threats and adding to financial market turmoil.
The market-wide selloff was severe, with the CoinDesk 20 Index (CD20) plunging 12%, reflecting a broad-based risk-off sentiment in the crypto sector. Key altcoins such as XRP and Solana (SOL) crashed more than 20%, breaking critical technical levels. XRP fell to $1.70, below its 200-day moving average, while SOL dropped below $100, breaching its 50-day support. Dogecoin (DOGE) tumbled 20% to $0.13, extending year-to-date losses.
The liquidation volume surged near $1 billion, as leveraged traders rushed to exit positions, further accelerating the downward momentum. Bitcoin’s 24-hour trading volume hit $54.48 billion, with a market capitalization now down to $1.50 trillion.
Amid this volatility, investors shifted focus to safe havens like gold and the Japanese yen, seeking stability as both Asian and European markets sank under the weight of tariff fears. The selloff underscores heightened global fragility as traders brace for further downside in risk assets.
Bitcoin Key Stats:
- All-Time High: $109,396
- Day’s Low: $74,524
- % Drop from ATH: 31.9%
- Market Cap: $1.50 trillion
- 24h Trading Volume: $54.48 billion
- Circulating Supply: 19.85 million
- Total Supply: 21 million
Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Cryptocurrency markets are highly volatile. Always conduct your own research or consult a financial advisor before making investment decisions.
