As investors expected financial market instability after a sharp loss in U.S. stocks as a result of President Trump’s planned tariffs, Bitcoin dropped below $80,000, trading at about $76,221, a 4% decrease.
Bitcoin’s value has dropped by around 30% from its peak in January. Bitcoin typically exhibits the characteristics of a large tech stock and is regarded as a gauge of market mood.
Even though the market as a whole declined last week, it held steady between $82,000 and $83,000.
Ether and the Solana token had losses of about 8% and 6%, respectively, while other cryptocurrencies saw more severe losses.
Source (CNBC)
