And finally, after surviving the recent two-day market freakout, crypto traders couldn’t hold the line any longer. Ether plunged to $1,500.

🚨 Ethereum Slides to 2-Year Low

• Ethereum prices ETHUSD were in free fall Monday morning, slipping to a two-year low of $1,500 per coin. The second-largest currency took a big hit over the weekend, losing as much as 12.5% and then extending that decline with another 3% in the early hours today. Last time we saw these prices was in March 2023. What’s behind that tumble and is it personal?
• Ethereum is particularly sensitive to investment-related headwinds in the crypto space. It’s not exactly considered an investment token, but rather a vehicle for building out decentralized applications (dApps) and selling non-fungible tokens (NFTs).

💥 Global Fears Sweep Crypto

• Hence it tends to take a more-than-average dive when things in the global markets don’t pan out too well. And that’s what’s been happening — over the past three days, global traders and investors have been selling off their risk assets, bracing for Trump’s new tariff order. In a nutshell, he’s slapping every country with a hefty tariff on imports into the US.
• The new regime threatens to invite recession into the US, raise inflation pressures, dent consumer spending and hurt corporate profits and revenue. All that could mean no cuts to interest rates from the Federal Reserve.

📉 Bitcoin Falls to $76,000

• How is that related to Ether? It’s a largecap crypto asset, which by definition means a high-risk asset that typically loses appeal to investors who take a defensive stance and rotate into less risky holdings to survive uncertain and tumultuous times. What about the king of crypto?
• Bitcoin prices BTCUSD weren’t spared as well. The OG token cracked through $76,000 early Monday morning, taking its Sunday-to-date losses to roughly 8%.