Cryptocurrencies
Bitcoin’s Link to US Stocks Recouples While Markets Turn Lower
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Crytocurrencies resumed a tight correlation with US stocks at a most inopportune moment, with each tumbling as escalating trade tensions engulf financial markets again.
Bitcoin fell as much as 5.7% to $78,418, a day after the largest digital currency rallied almost 8% when Donald Trump announced a pause on so-called reciprocal tariffs on dozens of non-retaliating countries. Smaller tokens fell more, with Ether tumbling 10% and Solana slumping 12%.