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Blockchain

Crypto market cap slips 3.8% to $2.31 trillion; Bitcoin hovers near $65,000 amid tariff jitters

The global cryptocurrency market suffered a decline, with total market capitalization dropping 3.8% to $2.31 trillion as Bitcoin fell below $65,000 for the first time in eight months. The drop is attributed to heightened uncertainty surrounding U. S. tariffs announced by former President Donald Trump, which has led investors to seek safer assets.

ap slips 3.8% to $2.31 trillion; Bitcoin hovers near $65,000 amid tariff jitters. File image/Reuters

ap slips 3.8% to $2.31 trillion; Bitcoin hovers near $65,000 amid tariff jitters. File image/Reuters

Credit: Crypto market c

Key Highlights

  • Bitcoin traded around $65,000, down 4.8%, marking an eight-month low.
  • Ethereum also experienced a decline, falling 5.2% to $1,867.23.
  • The overall cryptocurrency market capitalization decreased by 3.8% to $2.31 trillion.
  • Uncertainty over U. S. tariffs has triggered a risk-off sentiment among investors.
  • Safe-haven assets like Gold saw a rally of over 2% amidst the market turmoil.
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Sources

  1. Crypto market cap slips 3.8% to $2.31 trillion; Bitcoin hovers near $65,000 amid tariff jitters
  2. Bitcoin slips below $65,000 levels, down 4.8% amid Trump tariffs uncertainty

This quick summary is automatically generated using AI based on reports from multiple news sources. The content has not been reviewed or verified by humans. For complete details, accuracy, and context, please refer to the original published articles.

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