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Transatlantic Tariff Threat Returns, Crypto Market Experiences Monday Morning Flash Crash
BlockBeats News, January 19th. In the early morning of Monday, a "flash crash" occurred in the cryptocurrency market. Bitcoin experienced a maximum 3.79% drop in about 1 hour, falling from around $95,500 to $91,900, and has now rebounded to around $92,800.
Meanwhile, gold and silver surged significantly, while stock index futures dropped by 1%:
At Monday's opening, spot gold and silver gapped up and hit a new all-time high, while NASDAQ futures fell by 1%. Over the weekend, Trump threatened tariffs over the Greenland issue, and it was reported that several EU countries are considering imposing tariffs on US goods worth 93 billion euros.
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