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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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The Blocko Pedia broke the news in on Sunday, April 6, 2025.
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