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Price slump also in cryptocurrencies: Bitcoin back below $75,000 USD
After the announcement of drastic US tariffs, it seemed as if cryptocurrencies would almost be able to maintain their prices. But now they’re plummeting. Unfortunately, the recent downturn has not left Bitcoin unscathed, and the price temporarily fell below $75,000 on Monday.
This significant decline is a stark contrast to the stable situation the market had been experiencing until recently. Despite the resilience shown by the cryptocurrency market in the face of global economic uncertainty, it appears that even this robust industry is not immune to the pressures of the financial markets.
It remains to be seen what impact these developments will have on the long-term prospects of cryptocurrencies, but for now, investors are left reeling from the sudden and unexpected downturn.
Source: https://thebitcoinnews.com/price-slump-also-in-cryptocurrencies-bitcoin-back-below-75000-us-dollars/
