Bitcoin Hits 10-Month Low Amid Fed Fears

It’s gone from bad to worse for cryptocurrencies. Bitcoin has taken a battering recently, slumping below $75,000 early Monday to levels not seen since President Trump’s so-called Liberation Day tariff announcement last April, Liz Moyer and Alex Kozul-Wright reported for Barron’s Daily.

Bitcoin hit its lowest level since April 7, 2025

Bitcoin traded as low as $74,553 early Monday — its lowest level since April 7, 2025, shortly after Trump announced reciprocal tariffs on goods from around the world — according to Dow Jones Market Data.

The world’s largest cryptocurrency later recovered to around $77,000 but remains down about 11% so far in 2026 and roughly 39% below its record high of more than $126,000 reached in early October.

Trump’s recent nomination of Kevin Warsh to head the Federal Reserve unsettled digital-asset investors, who have benefited from loose monetary policy since the 2008–09 financial crisis.

As a Fed governor from 2006 to 2011, Warsh pushed for higher interest rates and a smaller balance sheet, countering expectations of a softer dollar once Jerome Powell’s term ends on May 15.