Bitcoin has plunged to a three-week low, falling over 6% in the last 24 hours to $77,700 as U.S. equity futures indicated sharp declines amidst escalating trade tensions under former President Donald Trump. Ethereum also experienced significant losses, dropping nearly 12% to $1,575. This decline parallels broader losses in risk assets, with stock futures indicating a tumultuous week ahead for Wall Street. The market's drop follows Trump's new tariffs on major trading partners, reigniting fears of a prolonged trade war and economic slowdown. Analysts suggest that despite the current bearish sentiment, there are scenarios that could reverse this trend, including potential changes in tariff strategy or supportive comments from the Federal Reserve. The situation remains volatile as investors await the European Union's response to U.S. trade measures, further impacting market dynamics.

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