Bitcoin’s value fell below $75,000 on Monday, caused by the uncertainty caused by the reciprocal tariffs US President Donald Trump ordered imposed globally starting April 9, 2025.

According to Coinmarketcap, the value of the global cryptocurrency market, including Bitcoin, decreased by about 10.58% in 24 hours to $2.39 trillion.
Bitcoin, which was traded at $74,980 as of 0700GMT, had a weekly gain of 8.36%.

Before Trump announced on April 2 that the US would impose tariffs on 185 countries, the price of Bitcoin was still worth about $87,000.

Also, Bitcoin hit an all-time high of over $109,000 on the day Trump took office.

Mustafa Batuhan Tufaner, associate professor of economics at Istanbul Beykent University, in an interview with Anadolu said cryptocurrencies can also follow the trend of the stock markets, which were also badly affected by Trump’s tariffs.

“The cryptocurrency market’s direction sometimes moves in correlation with stocks and sometimes with safe-haven assets, like gold, but recently, tech stocks have been more influential on crypto but macroeconomic developments can also change the direction of the crypto market,” he said.

“International investments deem cryptocurrencies as a separate store of value, which may mean these assets can have directions separate from traditional markets,” he added.

Tufaner said political developments around the world have proven that cryptocurrencies are still deemed risky assets. Also, the monetary stance of the US Federal Reserve also has an influence on cryptocurrencies.

“Cryptocurrencies, like other assets, have been waiting for the Fed to start a monetary expansion cycle for some time now, and if that doesn’t happen, it may present a negative scenario for cryptocurrencies,” he added.

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