Bitcoin Hits Lowest Since November 2024 Election Rally

The cryptocurrency market faced a sharp decline on Monday, with Bitcoin trading at its lowest point since the rally following the November 2024 US election. This downturn comes as global markets reel from the impact of reciprocal tariffs imposed by the US administration.

Significant Losses Across the Board

Alongside Bitcoin, other major cryptocurrencies also experienced substantial drops. Ripple's XRP plummeted by 20%, BNB fell by 9%, and Solana saw a decline of 17%. Ethereum, not to be left out, posted even deeper losses, falling 7.18% to $1,466.22.

Market Reaction to Economic Policies

The cryptocurrency market's downturn reflects broader economic stresses as investors react to recent policy changes and their potential implications for global trade and investment flows.