Crypto Market Plummets: Over $300 Billion Lost in a Day Amidst Economic Uncertainty

The cryptocurrency market experienced a significant downturn over the past 24 hours, shedding nearly $300 billion from its total value. This sharp decline is attributed to escalating economic anxieties surrounding U.S. Trade War policies and their global repercussions. Bitcoin’s price plummeted to a five-month low of $74,000 on Monday morning following losses in the preceding week fueled by geopolitical uncertainty. 24 hours later, the market capitalization of crypto assets dropped below $2.5 trillion on CG as fear swept through the markets.