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Bitcoin drops Sunday evening as cryptocurrencies join global market rout

  • Bitcoin has dropped to $76,130, having previously been above $109,000 just four months ago, indicating significant market downturns.
  • The S&P 500 has fallen below 5000 for the first time since April 2024, following a 10% decline in two days.
  • Significant tariffs imposed by the Trump administration are contributing to uncertainty in the market, affecting both stocks and cryptocurrency values.
  • This situation has led to concerns among mining companies about higher costs and lower demand, according to Emily Hersh and Ben Steinberg.
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The Blocko Pedia broke the news in on Sunday, April 6, 2025.
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