US EditionBitcoin drops Sunday evening as cryptocurrencies join global market rout
- Bitcoin's price dipped below $75,000, marking its lowest point since just after Donald Trump's Election Day victory.
- Ether, the second largest cryptocurrency, traded at around $1,500, losing about half of its value since early February.
- Garrick Hileman, an independent cryptocurrency analyst, stated that Bitcoin's price decline shows that its perceived value has not yet been proven to be true.
- Options markets indicate that selling pressure on Bitcoin and Ether may persist, with key support levels at $75,000 and $1,500 respectively.
179 Articles
179 Articles
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After remaining relatively stable during the turmoil of world markets in recent days, cryptocurrencies have joined the massive sale.The bitcoin, the world's most popular cryptocurrencies, fell below $75,000 on the morning of Monday, April 7, before experiencing a slight rebound.Bitcoin prices had not been so low since shortly after Donald Trump's election victory last year, which launched an upward race in cryptocurrencies prices.
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Los Angeles Times
El Vocero de Puerto RicoBitcoin and other cryptocurrencies fall in the face of turmoil in world markets
After remaining relatively stable during the turmoil of world markets in recent days, cryptocurrencies have joined the massive sale.
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