In the evening of April 6, the price of Bitcoin (BTC) sharply began to decline, breaking through the psychologically important level of $75,000. The asset is currently trading near this mark, reports Broker finance.
According to Binance, over the last 24 hours, Bitcoin has decreased by almost 10%. The decline has also affected most altcoins in the top 10 by market capitalization, with some suffering significantly more.
The most notable decreases were shown by:
XRP — about 21%
Dogecoin — approximately 19%
Ethereum — around 18%, the price could not hold above the mark of $1500.
At the same time as the decline in the cryptocurrency market, futures on U.S. stocks sharply went down on Sunday evening, foreshadowing a continuation of the two-day sell-off, resulting in a reduction of stock market capitalization by trillions of dollars. A turbulent week is expected amid the reaction of global trading partners to the stricter-than-expected tariffs imposed by the Trump administration last week.
