Bitcoin took a wild ride Monday, swinging between losses and gains as markets reacted to President Trump’s global tariff reset. The cryptocurrency briefly crashed below $77,000 — a level not seen since Trump’s November election victory — before bouncing back to $79,000. Conservatives argue this chaos shows the dangers of government overreach in global trade.
The president’s “Liberation Day” tariffs triggered panic across financial markets, with Bitcoin losing over 10% early Monday. Ethereum and XRP fared worse, plunging 15% as investors fled risky assets. Critics say Trump’s aggressive trade tactics have destabilized markets that were already fragile after years of Democratic overspending.
White House officials scrambled to contain the fallout, denying rumors of a 90-day tariff delay for allies. “That’s false information,” press secretary Caroline Leavitt stated firmly. But the damage was done — $1.3 trillion vanished from crypto valuations this year alone. Many conservatives see this as proof that Washington’s heavy-handed policies hurt Main Street investors.
Bitcoin’s brief recovery to $80,000 offered little comfort. “This volatility proves crypto can’t replace sound money,” argued financial analyst Todd Harrison on Fox Business. “Real stability comes from limited government, not speculative digital tokens.” Traders now watch the $72,000 level — Bitcoin’s pre-election high — as critical support.
The Fed’s potential rate cuts drew mixed reactions. While some hope cheaper money could boost crypto prices, others warn it signals economic weakness. “Easy money policies got us into this mess,” said Heritage Foundation economist Stephen Moore. “Artificially low rates created these speculative bubbles.”
European leaders offered to negotiate zero tariffs on industrial goods, but Trump remained firm. “Nations are lining up to talk,” he told reporters, noting Japan’s incoming trade delegation. Conservative commentators praised this toughness, arguing previous administrations let China dominate global markets unchecked.
Main Street investors feel the pain. Retiree John Thompson (62) told Breitbart: “My crypto savings got halved overnight. Trump needs to fix this tariff mess before more Americans get hurt.” Such stories fuel arguments that Washington elites gamble with hardworking citizens’ futures.
As markets close, uncertainty reigns. Bitcoin’s rollercoaster day exposes the risks of both big government policies and unproven digital assets. For true fiscal conservatives, the solution lies in returning to gold-backed currency and America-first trade deals — not chasing the next crypto mirage.
