The global cryptocurrency market is having its own Black Mirror episode as more than $1.4 billion in liquidations just wiped out bullish dreams across the board. Bitcoin (BTC) got slapped down under $76K and altcoins are painting the town red. It is turning out to be Black Monday for the financial markets.
US stock futures are also throwing tantrums as the S&P 500 dropped almost 6% while the Nasdaq 100 spiraled 6.2%. Trump’s tariff war has impacted over 180 countries, and global markets are crashing down, reacting to that. Investors are now asking for a minute to breathe under the emerging selling pressure.
The cumulative crypto market cap dropped by a massive 8.69% over the last day to sink below the $2.5 trillion mark.
