Bitcoin collapses below $ 75 thousand such as switch events hit asian and European markets

Bitcoin fell as much as 12% in the last day, fall below $ 75,000 in the middle of Asian and European markets that have been abolished lately Trump’s tariff announcements lately.

Toward data from cripto.news, btc (Btc) only dropped $ 74,604 in the last 24 hours. The largest cryptocurrency of market caps considered that her price dropped about 30% below her all the time price of $ 108,786, which took place only three months ago.

At the time of pressure, Bitcoin only recovered to $ 73,793. It has not yet been able to return to levels above $ 75,000. His market cap also suffered from a price reduction, which falls by almost 8% and loses almost $ 67 billion in the process. The Bitcoin Market Cap currently stands at 1.48 million dollars.

The sharp drop comes soon after Asian, European and American markets reported alarming drops in the main actions in the last case of President Donald Trump’s Tariffs. Asian markets, especially, see the worst two-day stock for Wall Street supplies in five years.

7. April Main Index of Japan, Nikkei 225, imprisoned 7.8% lower than the previous date, while the wider topic belt reduced by 7.7%. Meanwhile, Chinese Shanghai composite index imprisoned more than 7.3% lower.

Berzco on South Korea Stock Exchange Video is its worst trading session then Financial crisis 2008 The stock market was activated for the first time, because technical actions have experienced a sharp decline, and the KOSPI index closes to 8.8% below the previous session.

Meanwhile, Hong Kong saw his Benchmark Hang Seng Index falling By 13.74%, experiencing a deeper fall compared to the mainland. Moreover, Taivan’s Tayex imprisoned to 9.7% below the previous trading day.

As traditional markets start falling in the midst of fear of recession, alternative assets seem to be better. Contrary to last belief, safe assets like gold and Bitcoin suffered similar losses. Gold has discarded More than 4% at about $ 3,030, despite just achieving all the time of $ 3,176 at the beginning of this month.

In fact, the crypto market is a mirror to negatively feel the expansion of traditional global markets. Toward data From COINGECKO, the total crypto market cap has fallen for more than 12% to $ 2.4 trillion in the last 24 hours.