Crypto Slump On Trump Tariff Sparks COVID Crash Comparisons: Here’s How They Compare
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The recent tariff-induced cryptocurrency market rout has sparked COVID-19 crash comparisons.
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The March 2020 COVID-19 market crash was one of the worst on record for the cryptocurrency market.
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Bitcoin and the broader cryptocurrency market may still have further to fall.
The past few weeks have been turbulent for cryptocurrency markets. President Donald Trump‘s “reciprocal tariffs” last week only intensified the situation.
Bitcoin, the largest cryptocurrency by market capitalization, has tanked as much as 16% since the announcement to trade at five-month lows below $75,000. Ethereum, the second largest cryptocurrency, has had it worse, falling as much as 28% to nearly $1,400, levels not seen since March 2023.
Amid the…
