Bitcoin experienced a significant drop of more than 10% in India after President Donald Trump declared global tariffs, causing its value to plummet below $78,000 from a recent high of almost $110,000. Despite Trump's efforts to support cryptocurrencies by appointing crypto-friendly regulators and endorsing digital assets, market sentiment has weakened due to economic instability. Investors are now reassessing their investments as the repercussions of tariffs begin to impact digital currencies.