Bitcoin experienced significant volatility over the past 24 hours, initially falling below $77,000 for the first time since November 10, 2022. The cryptocurrency dropped to a low of $76,600, reflecting a decline of approximately 30% from its all-time high. This downturn was attributed to concerns over potential recession in the United States, which also affected Wall Street. However, Bitcoin rebounded sharply, recovering to $83,348, marking a gain of 4% in the last 24 hours. The price fluctuations occurred amid escalating trade tensions and inflation worries, which have led to substantial sell-offs in the cryptocurrency market, resulting in $731 million in liquidations.