Why Did $200B Vanish From Crypto Markets In Just Days?
Bitcoin plunged below $88,000 during early Asian trading Wednesday as the cryptocurrency market shed more than $200 billion since the weekend, with total market capitalization falling 4% amid a flight to safe-haven assets like gold driven by President Donald Trump’s renewed tariff threats against Europe and a sharp sell-off in Japanese government bonds.
What Happened: Crypto Markets Tank
The largest cryptocurrency by market cap has lost 10% over the past seven days, falling back to support levels within a two-month range-bound channel.
Major volatility had been expected following the U.S. public holiday on Monday, as traders digested the administration’s latest round of 10-25% tariff threats on European and NATO countries over the…
