Previously, Bitcoin dropped to its lowest level in four months at $74,500 on April 7, and data suggests that the price may not have reached the bottom yet.

Investors sold risky assets after U.S. President Donald Trump doubled down on his plan to impose global tariffs over the weekend, triggering a $9.5 trillion loss in the global equity markets.

According to Cointelegraph, Tuesday (4/8/2025), the increasing calls for a recession in the U.S. have caused risk-averse investors to become fearful, while crypto market participants are wondering how low Bitcoin's price could drop in the near future.