Leading cryptocurrencies corrected sharply on Monday as the Bybit hack and President Donald Trump’s tariff threat weighed on the market. Cryptocurrency Gains +/- Price (Recorded at 7:30 p.m. ET) Bitcoin (CRYPTO: BTC) -4.
Ethereum is in freefall, plunging over 14% in 24 hours to $2,330. The sell-off has triggered $1.34 billion in crypto liquidations, with
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Bitcoin (BTC) tumbled below $86,000 in intraday trading, triggering a wave of liquidations as investors reacted to market volatility.
In a move to further tighten the noose on China's burgeoning tech sector, President Donald Trump is reportedly considering stricter measures on the country's semiconductor industry. This move is seen as an extension of efforts initiated under the Joe Biden administration to curb China's technological advancement.
Another crypto market crash is happening with Bitcoin, Ethereum, Solana, Dogecoin and the XRP price witnessing significant declines.
Bitcoin, Ethereum, and Dogecoin tumbled as the meme coin market plunged over 14%, dragging the broader crypto market down more than 5%.