Bitcoin Price Sinks Amid ‘Tariff-Driven Pullback’
Cryptocurrency prices sank early Monday (April 7) in Asia, collateral damage in America’s trade war.
According to a Bloomberg News report, Bitcoin lost around 7% of its value Sunday (April 6) night into Monday morning in Singapore, hitting a low of $77,077. The second-most-popular crypto token, Ether, fell to $1,538, an intra-day low unseen since October of 2023.
These losses are happening as President Donald Trump refuses to budge on the widespread tariffs that have already erased trillions in value from U.S. equities. U.S. equity-index futures, the report added, fell while the yen surged, signaling increasing upheaval in the financial markets.
The report cites data from CoinGlass showing that around $745 million in…
