Bitcoin crashes below $75k as circuit breaker events hit Asian and European markets

Bitcoin fell up to 12% during the last day, falling below the $ 75,000 threshold in the midst of Asian and European markets plunging after Trump’s tariff announcement.

According to data of crypto.News, BTC (BTC) fell as low as $ 74,604 in the last 24 hours. The largest cryptocurrency by market capitalization has seen its price fall at around 30% below its price of all time to $ 108,786, which occurred only three months ago.

At the time of the press, Bitcoin did not go back slightly to $ 73,793. He has not yet managed to return to levels above $ 75,000. Its market capitalization has also suffered from the drop in price, the decrease of almost 8% and the loss of almost $ 67 billion in the process. Bitcoin market capitalization is currently 1.48 dollars.

The sharp decline occurs shortly after the Asian, European and American markets reported alarming reductions in major actions in the aftermath of the president Donald Trump Prices. Asian markets, in particular, see the worst two -day section for Wall Street’s actions in five years.

On April 7, the main Japanese index, Nikkei 225, farm 7.8% lower than the previous date, while the broader Topix exchange diminished 7.7%. Meanwhile, the composite index of Shanghai in China farm More than 7.3% lower.

The South Korea stock market has seen its worst negotiation session Since The 2008 financial crisis. The scholarship has activated its trading edges for the first time in four years while technological shares have experienced a sharp decline, with the KOSPI index ending at 8.8% below the previous session.

Meanwhile, Hong Kong saw its Hang Seng reference index fall at 13.74%, experiencing a deeper fall compared to continental China. In addition, Taiwan’s Taiex farm at 9.7% lower than the previous negotiation day.

While traditional markets are starting to fall in the middle of the fears of the recession, alternative assets do not seem to stop better. Unlike past beliefs, safe assets like gold and Bitcoin have undergone similar losses. Gold has abandoned More than 4% at around $ 3,030, despite simply a record level of $ 3.176 earlier this month.

In fact, the cryptography market has reflected the negative feeling that spreads to traditional global markets. According to data From Coingecko, the overall market capitalization of cryptography has dropped by more than 12% to 2.4 dollars in the past 24 hours.