
Bitcoin falls below $80,100 amid trade war concerns; Altcoins fall up to 9%
Bitcoin, Ethereum, Solana, XRP, Cardano, and Dogecoin, declined on Monday as concerns over the U.S. economy and global trade tensions weighed on investor sentiment.
A run of soft U.S. economic data continued on Friday after monthly figures showed the labour market created fewer jobs than expected last month, in the first payrolls report capturing former U.S. President Donald Trump’s policies.
Meanwhile, Trump, in a Fox News interview on Sunday, declined to predict whether his tariffs on China, Canada, and Mexico would lead to a U.S. recession, adding to market uncertainty.
As of 10:37 AM IST, Bitcoin was down 4% at $82,599 after touching a day's low of $80,052. Ethereum fell 5.4% to $2,070, while the global crypto market cap dropped 4.4% to $2.7 trillion in the last 24 hours.
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View Details»Among altcoins, Solana fell 7.3%, XRP dropped 5.6%, Cardano lost 7.2%, and Dogecoin declined 8.6%.
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