Cryptocurrency market turned red as investors reacted to economic fallout from new US tariffs, resulting in a 4.21% decline in total global crypto market capitalization over the past 24 hours.
Bitcoin (BTC) traded at $77,164, down 3% in the last 24 hours.
Ray Dalio, founder of the world's largest hedge fund, warns of a looming economic collapse, highlighting increasing global debt levels and the United States' soaring public debt of $36.7 trillion.
Cryptocurrencies LEO, HYPE, IP, FORM, XAUT, PAXG, and ZEC stayed positive in the last 24 hours, with price increases ranging from 2% to 3%.