Bitcoin and other cryptocurrencies see prices fall amid global market turmoil

By ALAN SUDERMAN, AP Business Writer

After holding relatively stable during last week’s global market turmoil, cryptocurrencies have joined the sell-off.

Bitcoin, the world’s most popular cryptocurrency dipped below $75,000 Monday morning before seeing a slight rebound.

Bitcoin’s prices haven’t been this low since just after President Donald Trump’s Election Day victory last year launched a bull run in crypto prices. Trump, whose tariff announcements led to massive stock sell offs, has been a major promoter of the crypto industry and previously took credit when bitcoin’s price broke $100,000 in December. Bitcoin has been on a relatively steady slide in price since Trump took office earlier this year.

Bitcoin’s backers say it is a type of digital gold that can act as a hedge against volatility. But Garrick Hileman, an independent cryptocurrency analyst, said bitcoin’s price slide shows that thesis still hasn’t proven to be true.

“It’s just not there today,” he said. “(Bitcoin) trades like a risky tech stock.”

Other major digital assets saw even bigger one-day percentage drops on Monday morning.

Ether, the second most popular crypto token, was trading at about $1,500 on Monday morning. It’s lost about half of its value since Trump’s son, Eric Trump, encouraged his followers on social media to buy ether in early February.

President Trump’s own meme coin, which he launched just before taking office and once hit a high of more than $70, dipped below $8 Monday morning.

Stock prices of crypto-focused companies also saw declines in early trading Monday.

Originally Published: April 7, 2025 at 11:27 AM MDT

TAGGED: bbc business, Business, business ideas, business insider, Business News, business plan, google my business, income, money, opportunity, small business, small business idea

Share This Article

King Charles arrives in Rome on first overseas trip since brief hospitalisation

Uncertainty Over Tariffs Leads to Wild Swings in Markets

Bitcoin and other cryptocurrencies see prices fall amid global market turmoil

Leave a Reply Cancel reply

Latest News

Bitcoin rallies amid macroeconomic concerns — Are HYPE, ONDO, RNDR and KAS next?

Russian missiles hit Ukrainian city of Sumy during Palm Sunday celebrations, killing more than 30

US Officials Slam Russia Over Ukraine Attack

Spot Bitcoin ETFs Bleed $713 Million In The Past Week — What’s Happening?

Marathon Won’t Replace Destiny 2; Not Recommended for PvE-Only Players, Says Bungie

Iceland’s whaling season cancelled, soon after Paul Watson update

Can scientists really bring dire wolves back to life?

About Us

Quick Links

Trending News

Unlocking the Ultimate WWE Experience: Cageside Seats News 2024

Bitcoin rallies amid macroeconomic concerns — Are HYPE, ONDO, RNDR and KAS next?

Investing £5 a day could help me build a second income of £329 a month!

Unlocking the Ultimate WWE Experience: Cageside Seats News 2024

Bitcoin rallies amid macroeconomic concerns — Are HYPE, ONDO, RNDR and KAS next?

Investing £5 a day could help me build a second income of £329 a month!

Brussels unveils plans for a European Degree but struggles to explain why

You Might Also Like

Leave a Reply Cancel reply

Latest News