Here’s why Bitcoin and altcoin prices may surge after the crypto Black Monday
Bitcoin and most altcoin prices continued their strong downtrend on Monday as market participants braced for a recession.
Bitcoin (BTC) plunged to a low of $74,428 on April 7, its lowest level since November 6, and down by over 31% from its highest point this year.
Altcoins did much worse as many investors exited their positions. Ethereum (ETH) crashed below $1,500 and moved to its lowest level since 2023. The other top laggards were coins like Berachain (BERA), Zcash (ZEC), Litecoin (LTC), and Maker (MKR).
The ongoing crypto market crash mirrored the stock market’s performance, with the Dow Jones, Nasdaq 100, and S&P 500 each falling by over 5% but has staged a late morning comeback.
These assets plunged…
