Asiwaju 🔄🎩🍄🎭📄🌈
@asiwaju
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The Bitcoin price has dropped below $76,000 for the first time in five months as investors braced for financial market turbulence, following the rollout of US President Donald Trump’s sweeping global tariffs. The majority of the top 200 altcoins also saw their value plunge by around 15% to 20% or more following the steepest decline in US equities since 2020.
The Trump administration imposed a blanket 10% tariff on all countries starting April 5, with some hit with steeper rates, including China at 34%, there EU allies at 20%, and Japan at 24%. The measures have stoked fears of a global trade war that could potentially drag the American economy into a recession.
The price of Bitcoin dropped beneath a key technical level – $79,000 to $80,000 – over the weekend. It plunged further below $75,000 on Monday and then settled at $76,000 after hitting almost $90,000 just a week earlier. Ethereum dropped 14.19% to $1,551.52, while XRP fell 14.52% to $1.81. BSC/BNB declined by 6.51%, and Solana tumbled 13.96%. 1 reply
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