Cryptocurrency market shakes: Bitcoin and Ethereum drop sharply
April 6, 2025
On the evening of Sunday, April 6, the value of cryptocurrencies dropped sharply, with investors in a state of panic as the decline reached 10%, according to Reuters.
The price of Bitcoin fell by approximately 5%, reaching $78,892.92 as of 18:55 GMT.
The value of Ethereum, the second-largest cryptocurrency, dropped by around 9.62%, to $1,617.65.
A similar trend is being observed in most other cryptocurrencies as well.
Source: Binance (binance.com)
Cryptocurrency market situation
In early March, US President Donald Trump ordered the creation of a strategic cryptocurrency reserve, which will include XRP, SOL, and ADA tokens.
Russia is circumventing sanctions by using cryptocurrencies in its oil trade with China and India.
Meanwhile, North Korea has become the third-largest country in the world by Bitcoin holdings, thanks to hackers.
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