On Monday, the bitcoin exchange rate is falling along with other risky assets on the news of new foreign trade duties.
Bitcoin, according to Coindesk, is down 3.7% to $76,637 as of 14:45 Monday afternoon, the world’s most popular cryptocurrency has fallen 17.6% since the beginning of the year and is now trading at its lowest level since November last year.
Futures on the US stock index S&P 500 are down 2.3%, and the European composite index Stoxx Europe 600 is down 4.6%.
The collapse of global markets was triggered by US President Donald Trump’s introduction of new large duties on foreign trade partners, which raised fears of a recession in the global economy.
Ethereum, the second most popular cryptocurrency in the world, falls by 6% to $1,480 thousand, according to Kraken.
The total capitalization of all cryptocurrencies in the world is about $2.59 trillion. Bitcoin accounts for 82% of this volume, and ethereum – 8%.
