Crypto Market Extends Losses as Tariff Shock Deepens
The crypto market is under sustained pressure this morning following a weekend of deepening macroeconomic turmoil, triggered by escalating U.S. trade policies and a brutal rout in traditional markets.
Bitcoin fell as low as $77,200, marking a 27% drawdown from its all-time high of $107,000 in December 2024. Ethereum fared even worse, down 12.72% in the past 24 hours to $1,576, as liquidations and institutional outflows accelerated across the complex. The global crypto market cap currently sits at $2.5 trillion, down 6.41% day-on-day.
The weekend’s steep losses came after the largest 48-hour stock market wipeout since the COVID panic, with $5.4 trillion in equity value erased. The S&P 500 closed down 6%, while the Nasdaq 100 fell…
