Physical Address
304 North Cardinal St.
Dorchester Center, MA 02124
Bitcoin prices fell below $92,000 on Monday morning as geopolitical tensions escalated unusually, sending the digital currency market down more than $100 billion in 24 hours.
Following the decline, most major altcoins came under intense pressure, with Ethereum falling to around $3,200 and XRP dipping below $2.00, while XMR and ICP bucked the trend with significant gains.
Bitcoin rallied early last week, peaking near $98,000 on Wednesday before selling off at that level.
However, the stock held above $95,000 for several days.
Movement remained surprisingly quiet over the weekend, despite some developments in trade tensions between the United States and the European Union.
Developments include European countries sending troops to Greenland after the United States declared it necessary to acquire Greenland for security reasons, and then Trump announcing a 10% tariff on European countries in exchange for an emergency European meeting and France talking about strong trade response tools.
But as Asian futures and stock markets opened on Monday morning, the impact on Bitcoin was already clear, with prices falling more than $3,000 to a six-day low near $92,000.
Despite a recovery of about a thousand dollars, the price still fell by more than 2% during the day, with the market capitalization falling to less than $1.86 trillion and dominance stabilizing around 57.5%.
In terms of alternative digital currencies, the price of Ethereum failed to break through $3,350 and fell back to around $3,200.
As for XRP, it fell below $2.00 on the day and reached 1.84.
Currencies that declined included DOGE, SOL, ADA, LINK, XLM, ZEC, AVAX and HYPE.
Other coins recorded double losses, such as ASTER, SUI, APT, ONDO, ARB, PEPE, and ENA, while XMR and ICP were the few exceptions that remained in the green.
Also read:
Bitcoin Price Steady Above $95,000 Amid European Tensions and U.S. Tariff Threat
