Bitcoin prices plummeted by more than 10% after President Donald Trump implemented global tariffs, dipping below $78,000 from a high of almost $110,000. Even with Trump’s favorable stance towards cryptocurrencies, such as appointing crypto-friendly regulators and endorsing digital assets, market sentiment has turned bearish amidst economic instability. Investors are reassessing their investment strategies as the repercussions of tariffs ripple through the digital currency market.