Bitcoin and Ethereum Prices Drop Sharply as Global Markets Face Recession Fears

Cryptocurrencies follow steep declines in equities, while investors await key inflation data and assess new U.S. crypto policies.

Bitcoin's price fell below $77,000, marking a four-month low and a 29% drop from its all-time high, while Ethereum sank below $1,800, its lowest since October 2023.
Global stock markets experienced significant losses, with the Nasdaq 100 index dropping 3.8%—its worst day since October 2022—and the S&P 500 falling 2.6%.
President Donald Trump's recent executive order to establish a U.S. Bitcoin reserve and reverse anti-crypto banking policies has done little to stabilize crypto markets.
Investors are closely watching Wednesday's Consumer Price Index (CPI) report, which is expected to show cooling inflation but may still influence Federal Reserve monetary policy decisions.
Market analysts highlight continued uncertainty over trade tensions, monetary tightening, and liquidity trends as key factors driving volatility in both equities and cryptocurrencies.