BREAKING: Bitcoin Plummets 12% in 24 Hours, Dives Below $75K Amid Global Market Chaos

Bitcoin's Brutal Drop

Hang onto your hats, folks! Bitcoin just took a nosedive, crashing as much as 12% in the last day and smashing through the $75,000 floor. This wild ride comes hot on the heels of a global market meltdown triggered by Trump's tariff bombshell.

From Highs to Lows

Get this: BTC tanked to a low of $74,604 in the past 24 hours. The king of crypto, which once soared to a mind-blowing $108,786 just three months ago, is now wallowing 30% below that peak. Talk about a rollercoaster!

Struggling to Recover

At the time of writing, Bitcoin's clawed its way back up to $73,793, but it's still not breaking through that $75,000 barrier. The market cap's taken a hit too, dropping nearly 8% and shedding a whopping $67 billion. Right now, it's sitting at $1.48 trillion.

Global Markets in Turmoil

This crypto crash comes right after Asian, European, and American markets went into freefall following Trump's tariff announcement. Asian markets are reeling from the worst two-day stretch for Wall Street in five years. It's absolute chaos out there!

Asia's Market Mayhem

On April 7, Japan's Nikkei 225 tanked 7.8%, while the broader Topix index dropped 7.7%. Over in China, the Shanghai Composite Index plummeted more than 7.3%. South Korea's market had its worst day since the 2008 financial crisis, with the KOSPI index closing 8.8% lower. Hong Kong's Hang Seng Index took a 13.74% hit, and Taiwan's Taiex fell 9.7%. It's a bloodbath across the board!

No Safe Havens

As traditional markets crumble under recession fears, alternative assets aren't faring any better. Forget the old belief that gold and Bitcoin are safe havens – they're both taking a beating. Gold's down more than 4% to around $3,030, despite hitting an all-time high of $3,176 earlier this month.

Crypto Market Follows Suit

The crypto market's catching the same negative vibes as the rest of the world. The overall crypto market cap has tanked more than 12% to $2.4 trillion in the past 24 hours. It's a wild, wild ride out there, and no one's safe from the fallout!