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Bitcoin drops Sunday evening as cryptocurrencies join global market rout
- Bitcoin's price dipped below $75,000, marking its lowest point since just after Donald Trump's Election Day victory.
- Ether, the second largest cryptocurrency, traded at around $1,500, losing about half of its value since early February.
- Garrick Hileman, an independent cryptocurrency analyst, stated that Bitcoin's price decline shows that its perceived value has not yet been proven to be true.
- Options markets indicate that selling pressure on Bitcoin and Ether may persist, with key support levels at $75,000 and $1,500 respectively.
178 Articles
178 Articles
After remaining relatively stable during the turmoil of world markets in recent days, cryptocurrencies have joined the massive sale.The bitcoin, the world's most popular cryptocurrencies, fell below $75,000 on the morning of Monday, April 7, before experiencing a slight rebound.Bitcoin prices had not been so low since shortly after Donald Trump's election victory last year, which launched an upward race in cryptocurrencies prices.
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Los Angeles Times
El Vocero de Puerto RicoAfter remaining relatively stable during the turmoil of world markets in recent days, cryptocurrencies have joined the massive sale.
TVA Nouvelles
Le Journal de QuebecAfter the shock of customs announcements, the dollar regains ground, investors trying to assess the impact on growth and inflation
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