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Crypto Market Crash Today...
Bitcoin, Ethereum Fall Up To 14% Amid Global Market Meltdown
The ripple effect of global market fallout fuelled by rising macroeconomic uncertainty, fears of recession in the US and escalation of the trade war is hitting the crypto market as well, with major crypto coins like Bitcoin and Ethereum down up to 14 per cent. No cryptocurrency remains unscathed in the bearish sentiment. Investors remained apprehensive about the economic implications of the newly imposed tariffs.
Major cryptos mirrored this downward trend, where Ethereum declined nearly 13%, followed by Solana and Ripple declining over 12% in the last 24 hours, reflecting broader market uncertainties.
According to CoinMarketCap, Bitcoin’s price was trading at $76,876 with a fall of 7.72 per cent, while Ethereum was down by 14 per cent to trade at $1,507. XRP’s latest price stood at $1.75 with a drop of 17 per cent.
Bitcoin’s market cap came down heavily by 7.65 per cent to $1.52 trillion.
“The crypto market faces adverse effects due to the uncertainty driven by new US trade tariffs, which have also led to a sharp decline in the stock markets," said CoinDCX research team.
