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‘Black Monday’ Strikes the Crypto Market as Bitcoin Plunges Below $77,000—Has the Bear Market Begun?
The cryptocurrency market has been hit with a sudden and severe correction, as the price of Bitcoin (BTC) plummeted below $77,000. The sharp decline in prices has raised concerns that the bear market may have finally begun.
The event, dubbed ‘Black Monday’, has sent shockwaves throughout the global financial markets, with many investors left reeling from the unexpected downturn. As the dust settles, one thing is clear: the crypto market is not immune to the uncertainty and turmoil gripping the broader financial landscape.
Donald Trump’s ‘Liberation Day’ appears to have had a devastating impact on both the crypto and traditional stock markets. The escalating tariffs and reciprocal tariffs have only served to fuel uncertainty, leaving investors scrambling for safety in the face of unprecedented volatility.
The market’s descent into chaos has been further exacerbated by the growing correlation between the two markets. In what can be described as nothing short of catastrophic, a 10% drop on the second day has left many questioning whether the bear market is now underway.
It must be noted that this recent development is eerily reminiscent of historical events such as October 1987, October 2008, March 2020, and April 2025. Each of these instances culminated in a significant stock market crash, with devastating consequences for the global economy.
As the market teeters on the brink of collapse, we are faced with a crucial question: can Bitcoin (BTC) recover from such a precipitous decline?
Source: https://coinpedia.org/price-analysis/black-monday-strikes-the-crypto-market-as-bitcoin-plunges-below-77000-has-the-bear-market-begun/
