Market Downturn Amid Tariff Announcements
Investors have withdrawn over $500 billion from the cryptocurrency market following President Donald Trump's initiation of a trade war. Bitcoin, the premier cryptocurrency, dropped by 4.1% to approximately $95,400, and Ethereum plummeted by 17% to $2,577. The overall valuation of the global crypto market shrank from around $3.6 trillion to roughly $3.1 trillion.
Legal Developments in the Crypto Space
In legal news, Mark Scott, a former partner at the law firm Locke Lord, had his conviction upheld by the 2nd U.S. Circuit Court of Appeals for his involvement in a $400 million fraudulent cryptocurrency scheme. Scott was sentenced to 10 years in prison and ordered to forfeit over $392 million, along with several assets. His convictions included conspiracy to commit money laundering and bank fraud tied to his role in laundering proceeds from the OneCoin scam.
Current Cryptocurrency Prices
Bitcoin (BTC): $98,370.00
Ethereum (ETH): $2,684.28
Binance Coin (BNB): $590.90
Prices are subject to change; please check the latest rates.
Stay informed and exercise caution when making investment decisions in this volatile market.
Note: This information is for educational purposes and should not be considered financial advice.
