Bitcoin, Ether Teeter as US Stock Selloff Weighs on Crypto
(Bloomberg) — Cryptocurrencies slid as fears over a selloff in US equities eclipsed President Donald Trump’s recent efforts to buttress the industry.
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Bitcoin fell more than 3% on Tuesday morning in Asia while second-ranked token Ether dropped as much as 6% to $1,756, an intra-day low not seen since October 2023, according to data compiled by Bloomberg. Both tokens later pared those losses.
The initial declines came after a selloff in US equities led by technology stocks picked up steam. The tech-heavy Nasdaq 100 Index plunged 3.8% for its worst day since October 2022. Wall Street is jittery after Trump warned that Americans may feel a “little disturbance” stemming from trade wars with Canada,…
