Bitcoin drops Sunday evening as cryptocurrencies join global market rout
- Bitcoin dropped by about 7 percent on Sunday amid global market volatility caused by U.S. President Donald Trump's tariff announcements, reaching around $77,500 after trading above $80,000 for most of the year.
- Rival cryptocurrencies, like Ethereum and Solana, fell by approximately 12 percent, contributing to a 7 percent overall decline in the crypto market.
- Analyzing the situation, JPMorgan raised the risk of recession to 60 percent following the announcement of blanket tariffs.
- The overall drop in global stock markets has erased about $7 trillion in value since the tariffs were declared on April 2.
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88 Articles
Crypto market sheds $1.3 trillion amid bitcoin slide below $77,000
A sharp decline in bitcoin and major cryptocurrencies has wiped an estimated $1.3 trillion from the global digital asset market, triggering fresh concerns over a possible broader financial downturn. The price of bitcoin fell below $77,000 on Sunday, down more than 10% from a record high of nearly $90,000 reached last week. Other major tokens—including ethereum, XRP, solana and dogecoin—recorded even steeper losses of around 15% over the past 24 …
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