Bitcoin prices in India witnessed a significant drop of over 10% after President Donald Trump announced global tariffs, causing it to fall below $78,000 from its recent peak of nearly $110,000. While Trump has shown support for cryptocurrencies by appointing crypto-friendly regulators and endorsing digital assets, market sentiment has weakened due to economic uncertainties. Investors are now reassessing their positions as the repercussions of tariffs begin to impact digital currencies.