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The cryptocurrency market has suffered a massive collapse, with the price of bitcoin falling by more than 7% overnight to $76,800, Cryptonaute reports. Smaller cryptocurrencies, including Ethereum, XRP, and Solana, lost up to 15% of their value.
The market panic began after new international duties were imposed by US President Donald Trump on almost all countries. These measures provoked threats of Black Monday and deep financial turbulence.
Although bitcoin held on for a long time, the market gave up on Sunday evening: Ethereum fell to $1521, hitting its lowest level since October 2023.
At the same time , Asian stock markets also took a hit, with the Hang Seng and Nikkei losing around 10%, continuing the negative trend following last week’s crash.
Experts warn that this could be just the beginning of a larger crisis.
