Ongoing uncertainty surrounding US President Donald Trump's tariff strategy has driven Bitcoin's value below the $75,000 mark on Monday.
Data from CoinMarketCap reveals that the overall cryptocurrency market has contracted by approximately 10.58% over the past 24 hours, with its total value falling to around $2.39 trillion.
Bitcoin, which was trading at about $74,980 as of 0700 GMT, saw its price plunge by over 10% in the last day amid fears that the aggressive tariff policy could spark a wide-scale trade war and trigger a global economic slowdown. Several of Trump's trade partners, including China and the European Union, have already announced countermeasures in response to the new tariffs.
Before Trump's April 2 announcement that the US would impose tariffs on 185 countries, Bitcoin was valued at roughly $87,000. During his election campaign, Trump had promised to transform the United States into the world's crypto center by backing digital assets and even floated a “national bitcoin reserve plan.” However, despite his support for digital currencies, he has yet to fully deliver on these promises. Notably, Bitcoin reached an all-time high of over $109,000 on the day Trump took office.
Ethereum, the second-largest cryptocurrency by market capitalization, also experienced a steep decline, dropping about 22% to approximately $1,421.
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Bitcoin surged to a new all-time high as expectations grow for U.S. interest rate cuts and regulatory moves favouring crypto investment, boosting investor confidence in the sector.
Bitcoin hit a new all-time high on Monday morning, surpassing the $123,000 mark and gaining over 4% during the day.
The U.S. dollar strengthened and Bitcoin surged to a new record, as investors shrugged off fresh tariff threats from President Donald Trump.
Bitcoin and other cryptocurrencies regained value following a ceasefire between Israel and Iran, bouncing back after steep losses during the 12-day conflict.
U.S. President Donald Trump has criticised American freestyle skier Hunter Hess after the athlete said he felt conflicted about representing the United States at the Winter Olympics in Italy, sparking a public clash that highlights growing political tensions surrounding the Games.
U.S. skiing great Lindsey Vonn underwent surgery in an Italian hospital on Sunday after her attempt to win Olympic downhill gold ended in a violent crash just seconds into the race at the Milano Cortina Winter Games.
Several avalanches struck northern Italy on Saturday, killing at least three people, as rescue officials warned the death toll could rise with unstable conditions persisting across the Alps.
U.S. President Donald Trump’s Middle East envoy Steve Witkoff and Trump’s son-in-law Jared Kushner visited the USS Abraham Lincoln aircraft carrier in the Arabian Sea on Saturday after completing a round of talks with Iran.
Police in riot gear pushed toward a group of protesters who launched fireworks, flares and smoke bombs during a demonstration in Milan on Saturday, as the city hosted events on the first full day of the Milano Cortina Winter Olympics.
Türkiye’s national energy company, TPAO, has struck a new cooperation deal with U.S. energy giant Chevron, signing a memorandum of understanding to explore joint oil and gas exploration and production opportunities, the Turkish Energy and Natural Resources Ministry announced on Thursday.
Wall Street ended sharply lower on Tuesday as investors worried about artificial intelligence (AI) creating more competition for software makers, keeping them on edge ahead of quarterly reports from Alphabet and Amazon later this week.
U.S. stock markets finished mixed on Wednesday (28 January) as investors reacted calmly after the Federal Reserve left interest rates unchanged, a decision that had been widely expected and largely priced in.
The S&P 500 edged to a record closing high on Tuesday, marking its fifth consecutive day of gains, as strong advances in technology stocks offset a sharp selloff in healthcare shares and a mixed batch of corporate earnings.
Chevron is in talks with Iraq’s oil ministry over potential changes to the commercial framework governing the West Qurna 2 oilfield, one of the world’s largest producing assets, after Baghdad nationalised the field earlier this month following U.S. sanctions imposed on Russia’s Lukoil.
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