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The cryptography market bleeds more than $ 287 billion in 24 hours, because the fears of a “black Monday” in 1987 style “seized the traders seized radical commercial rates introduced by Donald Trump last week.
Bitcoin collapsed below the level of key support of $ 80,000 after a dumping ground of almost 9% to exchange at $ 75,533 to 4 h 10 hne. Ethereum was even worse, exchanging at 18% to negotiate $ 1,465.
Overall, the market capitalization of the crypto flowed 10.7% for a market capitalization of 2.37 billions of dollars, according to Coinmarketcap.
The pieces even led the decreases, with the 10 best tokens displaying steep losses and the sector plunging globally almost 19%.
The Hong Kong Hang Seng index plunged 13.7%, while the Japan Nikkei 225 index lost 7.8%.
Goldman Sachs has increased the chances he put in recession in the United States at 45%, from 35% earlier, and said that in a recession scenario, he expects the Federal Reserve to reduce reference interest rates of 200 base points over the next year.
Other analysts have noted that the reduction in interest rates could be complicated if, as we expect, Trump’s prices cause an increase in inflation.
The crypto accident is involved as a market commentator and host of CNBC’s “Mad Money” program Jim Cramer said the market would live its worst day since the “Black Monday” of 1987.
At the time, the industrial average of Dow Jones fell 22.6% in a single day.
Just in: Jim Cramer warns of a “black Monday” market accident on Monday.
It means one thing and only one thing – it’s time for Americans to “buy! Buy!”pic.twitter.com/9yhn1re3vl
– Kyle Becker (@kylenabker) April 5, 2025
Cramer believes that history could be repeated today due to the commercial prices imposed by Asset. He added that the situation can even get worse if the American president does not contact countries that have not imposed reprisals.
Cryptographic investors share the same negative perspectives. THE Index for fear of crypto and greedWho evaluate the feeling in the space of digital assets, fell to 23, pointing out an “extreme fear” on the market.
Best wallet – diversify your crypto wallet
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post url: https://altcoin.observer/the-crypto-crashes-as-trumps-prices-trigger-black-monday-fears/