Tag: Markets

Bitcoin crashes below $75k as circuit breaker events hit Asian and European markets

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Bitcoin has fallen as much as 12% in the past day, falling below the $75,000 threshold amid Asian and European markets plunge in the aftermath of Trump’s tariff announcement. According to data from crypto.news, BTC (BTC) has fallen as low as $74,604 in the past 24 hours. The largest cryptocurrency by market cap has seen its price plummet around 30% below its all-time high price at $108,786, which occurred just three months prior. At press time, Bitcoin has recovered only slightly to $73,793. It has not yet managed to return…

A Sea of Red: Bitcoin Dives Below $75K as World Markets Falter

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Bitcoin registered prices below $75K on several cryptocurrency exchanges as various markets shed so-called ‘risk assets’ in anticipation of the potential effects of a prolonged trade war between the U.S. and its key trade partners, such as China and Europe. Bitcoin Nosedives Under $75k as World Stock Markets Plunge Under Trump’s Tariffs Bitcoin registered critical […] Original

Crypto plunges as Trump tariff ‘medicine’ brutalizes global stock markets

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Cryptocurrency prices tumbled as the US stock futures market opened sharply lower on April 6 as the Trump administration doubled down on its global tariff strategy. The Trump administration hit all countries with a 10% tariff starting April 5, with some slapped at higher rates, including China at 34%, the European Union at 20%, and Japan at 24%. Bitcoin (BTC) dropped over 6% in the last 24 hours and was trading around $77,883. Meanwhile, Ether (ETH) shed over 12% in the same time frame and was trading at $1,575, according…

U.S. markets wipe out $9.6t as Bitcoin shows some resilience

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It’s been a tumultuous start to April, as global markets experienced significant downturns, with U.S. equities and cryptocurrencies reacting to escalating trade tensions. The U.S. stock market has shed a staggering $9.6 trillion in value since President Donald Trump’s second-term inauguration in January. Notably, $5 trillion of that decline occurred over the past two days, marking the largest two-day loss on record. The Nasdaq Composite index is on the verge of confirming a bear market, having fallen over 20% from its December 2024 peak of 20,173.89.  Also, JPMorgan Chase now…

Bitcoin drops 8%, US markets shed $2T in value — Should traders expect an oversold bounce?

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Bitcoin (BTC) and US stock markets all sold off sharply after US President Donald Trump shook up financial markets by announcing a list of reciprocal tariffs on several countries. On April 3, the S&P 500 saw a 4.2% drop at market open, its most significant single-day decline since June 2020. The Dow Jones Industrial Average fell 3.41%, to 40,785.41 from 42,225.32, while the Nasdaq Composite dropped 5.23%. Overall, $1.6 trillion in value was wiped out from US stock at the market open. Bitcoin’s value dropped by 8%, but a positive…

Trump ‘Liberation Day’ tariffs create chaos in markets, recession concerns

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US President Donald Trump introduced a slew of tariffs on April 2, sending markets into a tailspin and dividing crypto observers as to their possible long-term effects.  At a special event at the White House, Trump signed an executive order and claimed emergency powers, leveling reciprocal tariffs at every country that has a tariff on US goods, starting at a 10% minimum. The long-term effect that this swathe of new taxes could have on global markets is unknown. The uncertainty is compounded by the ambiguous methodology the Trump administration used…

BTC Nears Death Cross, CNY Tumbles with Asian Markets After Trump Tariffs Put Focus on China’s Response

It’s a risk-off day in Asia as traders look to Beijing’s response to U.S. President Donald Trump’s sweeping reciprocal tariffs on China and other Asian nations. On Wednesday, Trump announced reciprocal tariffs on imports from 180 nations, including higher taxes on trading partners identified as worst offenders, such as China and the European Union. Trump imposed a new 34% tariff on goods from China in addition to the existing 20% tax, bringing the total levy to 54%, the highest for any nation. Meanwhile, the latest action did not affect Canada…

Bitcoin Price Watch: Trump’s ‘Liberation Day’ Tariffs Stir Global Markets, BTC Holds $84K

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As markets prep for President Donald Trump’s sweeping “Liberation Day” tariffs, bitcoin remains resilient, posting a current price of $84,609. The digital asset’s market capitalization stands at $1.67 trillion, with 24-hour trading volume reaching $19.84 billion and intraday price swings between $81,188 and $85,438. Amid global economic uncertainty, technical indicators across multiple timeframes show bitcoin […] Original

Russian-language darknet markets still dominate, driving 97% of Bitcoin and TRON drug sales

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While Western darknet markets faltered, Russian platforms dominated Bitcoin and TRON drug sales, analysts at TRM Labs say. Darknet marketplaces saw a slight revenue bump in 2024, bringing in over $1.7 billion, with Russian-language platforms still leading the way in crypto drug sales, analysts at blockchain forensic firm TRM Labs say. New darknet markets and Monero-only proportion | Source: TRM Labs In their latest 2025 Crypto Crime Report, the analysts pointed out that Russian-language marketplaces have been the main drivers of illicit drug sales, accounting for over 97% of overall…