Bitcoin Plunges Below $80,000 Amid Market Turmoil; Crypto Stocks Tumble

On Monday, Bitcoin's price plummeted below $80,000 as traditional markets reacted to President Trump's economic statements and tariff policies. The Nasdaq fell by nearly 3.4%, and the S&P 500 dropped by 2%. Crypto equities also suffered significant losses. Coinbase (COIN) shares decreased by over 9%, trading under $198, marking a nearly 30% dip over the past 30 days. MicroStrategy (MSTR) saw an even steeper decline, with its stock price falling over 10% to nearly $258. Bitcoin miner MARA also dropped by over 10%, trading at $14.40. Other Bitcoin miners, including Riot Platforms (RIOT), CleanSpark (CLSK), and Hive Digital (HIVE), experienced declines of nearly 5%, about 3%, and over 10%, respectively. These movements reflect broader market anxieties and the impact of economic policy on both traditional and crypto assets.