Bitcoin has seen a sharp decline, with its value dropping below RM360,000, marking one of its lowest points since it peaked at an average of RM450,000 earlier this year. The sudden downturn is believed to be tied to the recent announcement of global tariffs by U.S. President Donald Trump last week.

Crypto Market Sees Broad Selloff

The decline isn't limited to Bitcoin alone. Altcoins like Ethereum have also experienced a significant drop, falling by around 10% overnight. Ethereum is now trading at an average of RM6,500.

Crypto analysts describe this as one of the steepest market downturns since the 2022–2023 crash, when Bitcoin's value fell from over RM250,000 to a low of around RM85,000. The market began recovering by mid-2023 and rallied into early 2025, with Bitcoin hitting its most recent high of RM450,000 per coin.

Investor Confidence Shaken

The current dip has led to a sell-off among investors, with many fearing that the decline could continue in the near term. Market uncertainty—driven by global economic instability and tightening trade conditions—has once again stirred concerns over the volatility of digital assets.

What's Next for Bitcoin?

While the future of Bitcoin remains uncertain in the wake of international policy shifts, some traders are taking a wait-and-see approach, hoping for signs of market stabilization. Others, however, are bracing for further losses as investor sentiment wavers in response to geopolitical developments.