Crypto Market Stumbles Amid Tariff Threats, Inflation Fears
The cryptocurrency market suffered a sharp decline on Sunday as Bitcoin (BTC) tumbled below $82,000, wiping out billions in market value. The downturn coincided with losses in U.S. stock futures, driven by escalating trade tensions and renewed inflation concerns.
Bitcoin, which was at $88,000 last week, fell to $81,700, thereby shrinking by 2% in the last 24 hours. Altcoins were more affected with the likes of Avalanche (AVAX), Polygon (MATIC), Near (NEAR), and Uniswap (UNI) declining by almost 10%. The market capitalization of the overall crypto market declined by $115 billion in a short time, causing investors to get anxious.
Ethereum (ETH) dropped to $1,775 and hit the lowest point in nearly four years. Another reason…
