Bitcoin has plunged as global markets reel from the fallout of US President Donald Trump’s sweeping new tariff regime, with the flagship cryptocurrency now trading at US$76,819.50, down 7.65% over the past 24 hours.

The steep drop follows a broader market collapse sparked by the announcement of blanket tariffs on all US imports, escalating fears of a global trade war and pushing investors out of riskier assets—including cryptocurrencies. Bitcoin, which had held steady between US$82,000 and US$83,000 last week despite declines in equities and gold, has now lost 28% from its all-time high of US$109,000 set in January.

Ethereum (ETH), the second-largest cryptocurrency, has fared even worse—plunging 14.66% to…