‘Black Monday’ Strikes the Crypto Market as Bitcoin Plunges Below $77,000—Has the Bear Market Begun?

Donald Trump’s ‘Liberation Day’ had a deadly impact on not only the crypto markets but also the global stock markets, including countries like China, Japan, Taiwan, the UK, Germany, etc. As the tariffs and the reciprocal tariffs escalated, the uncertainty increased, which has strengthened the bearish action. The markets recorded a consecutive 10% drop on the second day, reflecting a historic rarity that has occurred only four times in history: October 1987, October 2008, March 2020, and now in April 2025