The price of bitcoin, the most popular cryptocurrency, fell 7%. The smaller cryptocurrencies have yet to suffer.
Cryptocurrencies have lost almost all the revenues received after Donald Trump’s success in the election in 2024, due to the duties introduced by the US President for almost all countries in the world. CryptonAut reported it on Monday, April 7.
Having a great resistance to the collapse, which hit the world markets last week against the rear of the roles that Trump introduced, Bitcoin finally surrendered from Sunday night, as the black Monday threat was revealed to the markets of the world.
Last night, Bitcoin lost more than 7% in London. So far, in a course of 76,800 dollars, the BTC has registered a fall of more than 8% to 24 hours. Other cryptocurrencies – Ethereum, XRP and Solana – lost about 15% today.
Ethereum has collapsed at $ 1521, a minimum intraday that has not been observed since October 2023.
After the fall at the end of last week, Asian stock markets opened a sharp decline on Monday: indices such as Hong Kong Hang Seng and Japanese Nikkei lost almost 10%.
Keep in mind that companies in the American Stock Market lost about 6.6 trillion dollars on April 3 and 4. Investors have become unprepared for President Trump’s announcement of major global tariffs, which has exceeded all forecasts.
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Source: korrespondent
I’m Liza Grey, an experienced news writer and author at the Buna Times. I specialize in writing about economic issues, with a focus on uncovering stories that have a positive impact on society. With over seven years of experience in the news industry, I am highly knowledgeable about current events and the ways in which they affect our daily lives.