ETH Falls Below $2K, BTC Under $80K Amid Recession Fears
Crypto markets took another hit Monday as markets sweated Trump's comments on the recession.
Bitcoin and
Ethereum prices plummeted as financial markets reacted to President Trump's recession comments and inflation concerns.
What’s the Scoop?
- Market Response: Bitcoin price dropped below $80,000, rebounding slightly but remaining down almost 5% on the day while ETH briefly dipped below $2,000.
- Recession Fears: President Trump hinted at potential recession during a weekend interview, causing market instability.
- Wider Market Impact: Major coins like Cardano, Solana, and
Dogecoin saw sharper losses, with ADA down 10% and SOL down 9%.