Close Menu

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    What's Hot

    Top 10 Solana Telegram Bots for Automated Crypto Trading – TRADE NOW! (July 2025)

    July 2, 2025

    Best Macroeconomics Books to Lay a Strong Foundation 2025

    July 2, 2025

    Analyst Sees 98% Surge for Top Solana Challenger, Predicts at Least 2x Rally for One SOL-Based Altcoin

    July 2, 2025
    Facebook X (Twitter) Instagram
    Cryptify Now
    • Home
    • Features
      • Typography
      • Contact
      • View All On Demos
    • Typography
    • Buy Now
    X (Twitter) Instagram YouTube LinkedIn
    Cryptify Now
    You are at:Home » Bitcoin crashes below $75k as circuit breaker events hit Asian and European markets
    Crypto

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

    James WilsonBy James WilsonApril 7, 2025No Comments2 Mins Read
    Facebook Twitter Pinterest LinkedIn Tumblr Email
    Share
    Facebook Twitter LinkedIn Pinterest Email


    Bitcoin has fallen as much as 12% in the past day, falling below the $75,000 threshold amid Asian and European markets plunge in the aftermath of Trump’s tariff announcement.

    According to data from crypto.news, BTC (BTC) has fallen as low as $74,604 in the past 24 hours. The largest cryptocurrency by market cap has seen its price plummet around 30% below its all-time high price at $108,786, which occurred just three months prior.

    At press time, Bitcoin has recovered only slightly to $73,793. It has not yet managed to return to levels above $75,000. Its market cap has also suffered from the decrease in price, falling by nearly 8% and losing nearly $67 billion in the process. Bitcoin’s market cap currently stands at $1.48 trillion.

    The sharp decline comes shortly after Asian, European and American markets reported alarming drops in major stocks in the aftermath of President Donald Trump’s tariffs. Asian markets, in particular, are seeing the worst two-day stretch for Wall Street stocks in five years.

    On April 7, Japan’s main index, Nikkei 225, closed 7.8% lower than the previous date, while the broader Topix exchange decreased by 7.7%. Meanwhile China’s Shanghai Composite Index closed more than 7.3% lower.

    Bitcoin crashes below $75k as circuit breaker events hit Asian and European markets - 1
    Bitcoin saw a sharp decline in the past 24 hours of trading amidst traditional market volatility, April 7, 2025 | Source: crypto.news

    South Korea’s stock market saw its worst trading session since the financial crisis of 2008. The exchange activated its trading curbs for the first time in four years as tech stocks experienced a sharp decline, with KOSPI index closing at 8.8% below the previous session.

    Meanwhile Hong Kong saw its benchmark Hang Seng Index falling by 13.74%, experiencing a deeper fall compared to mainland China. Moreover, Taiwan’s Taiex closed at 9.7% below the prior trading day.

    As traditional markets begin to fall amidst fears of recession, alternative assets do not seem to be faring any better. Contrary to past beliefs, safe assets like gold and Bitcoin have suffered similar losses. Gold has dropped more than 4% to around $3,030, despite just reaching an all-time high of $3.176 earlier this month.

    In fact, the crypto market has mirrored the negative sentiment spreading through traditional global markets. According to data from CoinGecko, the overall crypto market cap has fallen by more than 12% to $2.4 trillion in the past 24 hours.



    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Previous ArticleTether in US regulatory talks over stablecoin as possible ‘settlement currency’
    Next Article Top 10 PumpSwap APIs Every Solana Developer Should Know
    James Wilson

    Related Posts

    Top 10 Solana Telegram Bots for Automated Crypto Trading – TRADE NOW! (July 2025)

    July 2, 2025

    Best Macroeconomics Books to Lay a Strong Foundation 2025

    July 2, 2025

    Best 10 Solana Telegram Trading Bots (July 2025)

    July 1, 2025
    Leave A Reply Cancel Reply

    Top Posts

    Remittix (RTX) hits $4m presale as XRP holders take notice

    February 4, 2025

    Here’s why OKB price spiked 20% today

    February 4, 2025

    iDEGEN price prediction: Is this the AI agent token to buy?

    February 4, 2025

    Gate.io to list CYBRO token on Dec 14 after $7M presale success

    February 4, 2025
    Don't Miss

    Top 10 Solana Telegram Bots for Automated Crypto Trading – TRADE NOW! (July 2025)

    By James WilsonJuly 2, 2025

    Solana stands out as one of the fastest and most efficient blockchains in the cryptocurrency…

    Best Macroeconomics Books to Lay a Strong Foundation 2025

    July 2, 2025

    Analyst Sees 98% Surge for Top Solana Challenger, Predicts at Least 2x Rally for One SOL-Based Altcoin

    July 2, 2025

    Best 10 Solana Telegram Trading Bots (July 2025)

    July 1, 2025
    Stay In Touch
    • Facebook
    • Twitter
    • Pinterest
    • Instagram
    • YouTube
    • Vimeo

    Subscribe to Updates

    Get the latest creative news from SmartMag about art & design.

    Demo
    About Us
    About Us

    CryptifyNow: Your daily source for the latest insights, news, and analysis in the ever-evolving world of cryptocurrency.

    X (Twitter) Instagram YouTube LinkedIn
    Our Picks

    Top 10 Solana Telegram Bots for Automated Crypto Trading – TRADE NOW! (July 2025)

    July 2, 2025

    Best Macroeconomics Books to Lay a Strong Foundation 2025

    July 2, 2025

    Analyst Sees 98% Surge for Top Solana Challenger, Predicts at Least 2x Rally for One SOL-Based Altcoin

    July 2, 2025
    Lithosphere News Releases

    Colle AI’s iOS App Launch Brings Multichain NFT Creation to Mobile

    February 4, 2025

    AGII Transforms Web3 Infrastructure with AI-Optimized Smart Contracts

    February 4, 2025

    Colle AI (COLLE) Allocates $250M for AI Tool Development and Liquidity Growth on Solana

    February 4, 2025
    Copyright © 2025

    Type above and press Enter to search. Press Esc to cancel.