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.
166 Articles
166 Articles
Trump’s tariffs drop bitcoin: So ‘fall’ cryptocurrencies this Monday
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.


Bitcoin and other cryptocurrencies fall in the face of turmoil in world markets
After remaining relatively stable during the turmoil of world markets in recent days, cryptocurrencies have joined the massive sale.
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