Cryptocurrencies extended a mass sale on Monday as risk assets, including sunk actions during the first hours of the US.
After a rebound to around $ 84,000 earlier in the day, perhaps driven by the fund collection plan of $ 21 billion strategy, Bitcoin (BTC) slid below $ 80,000, 3.8% less in 24 hours. Ether (eth) of Ethereum Blockchain briefly fell below $ 2,000, to operate near its weakest price since November 2023, less than 4%.
The large market index of the large market fell by 5%, with a Solana Sol, Cardano Ada and Aptos of Aptos, Avax de Avalanche and close to the loss of between 7%and 10%.
The ugly action in the cryptographic markets occurred when the American equity rates already beaten opened the week strongly lower, weighing in the feeling. The Nasdaq fell more than 3% in the early hours of the session, while the S&P 500 decreased 2%.
Crypto Equities also felt the heat. Strategy (MSTR), the largest corporate BTC and Crypto Exchange Coinbase (COIN) lost more than 10%.
With the Digital Assets Summit in the White House and the Executive Order of the Bitcoin Reserve of Donald Trump that is already behind us, the cryptocurrency markets have run out of positive catalysts in the short term and are increasingly overwhelmed by concerns about a tariff war and a deceleration economy.
The economy is in a “transition,” Trump said in an interview with Fox News on Sunday, refusing to rule out a recession this year.
“Until Crypto finds a new narrative, we are likely to see a greater correlation between BTC and actions in the short term,” said the QCP coverage fund in a telegram transmission. “Both risk assets are currently quoted near their recent minimums, and with the tariff risks still advanced, volatility could participate in the key versions of US macro data. UU.”
