Bitcoin’s price teetered under $79,000 on Monday, down more than 15% since the start of the year and well off its January all-time high of $109,114.88. The downturn has been fueled by President Donald Trump’s sweeping tariff threats against China and a growing chorus of recession warnings from Wall Street’s biggest voices.
Yet amid the market turbulence, some investors see the correction as a long-term buying opportunity—and there’s a case to be made that Bitcoin’s current dip is less a cause for panic and more a test of conviction.
Trump’s Tariffs Rattle Global Markets—and Bitcoin
Trump’s trade moves have upended global markets. U.S. equities opened sharply lower Monday following his threat to impose 50% tariffs on Chinese goods unless Beijing drops retaliatory duties. Asian and European stock indices plunged.
And BlackRock CEO Larry Fink told the Economic Club of New York that the U.S. is “probably in a recession” already.
Bitcoin, often viewed as a non-correlated or safe-haven asset, hasn’t been spared. BTC fell …Full story available on Benzinga.com