Bitcoin, Ether Slide as Stock Selloff Weighs on Crypto

(Bloomberg) – cryptocurrencies have slipped where fears of sale in American stocks are afraid of President Donald Trump’s recent efforts to support the industry.

Most of them read from Bloomberg

Bitcoin fell more than 3 % on Tuesday morning in Asia, while the symbolic anomard decreased second by 6 % to $ 1756, the lowest level during the day unprecedented since October 2023, according to the data collected by Bloomberg. Both symbols later give these declines.

The losses come after the sale of American stocks led by Steam’s technology shares. The NASDAQ 100 technology index has decreased by 3.8 % for its worst day since October 2022. Wall Street has increased after Trump warned that Americans might feel a “little disturbance” caused by commercial wars with Canada, Mexico and China. Strategists and economists throughout Wall Street raised their possibilities for US economic deflation.

Trump ordered the establishment of an American Bitcoin Reserve and a separate stock of other symbols before a high-level encryption summit with industry executives in Washington on March 7-famous moves that eventually did not do much to raise the feeling of the market.

“Now that the industry issued the executive order for the strategic reserve of bitcoin, Crypto has more positive and pricing stimuli, and we left at the mercy of the appetite of the total risks,” said the head of the global markets at Falconx. “Bitcoin’s association with stocks climbs to levels that have not been seen since August 2024 conveying trade.”

Among the largest losers in market sales on Monday, the boxes circulated on the stock exchange that seek to provide returns with digital assets or topics related to encryption. Two of the investment funds circulating in the investment funds circulated in the field of strategy to benefit from the strategy-Bitcoin, which were previously known as Microstrategy-were decreased by more than 30 % for this day.

Bitcoin was trading at $ 79,477 as of 10:22 am on Tuesday in Singapore. You are expected to find the largest support digital assets at $ 73,000 and $ 70,000, according to Hayden Hughes, head of Crypto investments in the growth of the vegetable family office. “There will be a strong buy there,” he said.

(The price of bitcoin is correct in the seventh paragraph)

Most of them read from Bloomberg Business Week

© 2025 Bloomberg LP