Bitcoin Stabilizes After Dropping to Lowest Level Since November
This article is for subscribers only.
Cryptocurrencies recovered from an earlier plunge in a whipsaw day of trading triggered by President Donald Trump’s onslaught of tariffs on US trading partners.
Bitcoin was little changed near the $79,000 level at 2:17 p.m. in New York after sinking as much as 5.6% to $74,425 early Monday, the lowest since the day after the 2024 election that returned the pro-crypto Trump to the White House and sparked a massive rally in digital assets that peaked on the day of his inauguration in January. Smaller tokens that saw even steeper declines early Monday also recovered, with XRP, Solana and Cardano all trading little changed.