Bitcoin went down to $ 74.604 in 24 hours. This decrease means that the crypto currency has reached $ 108.786 just three months ago from the highest level of all time.

Bitcoin, at the time of the news, only a limited recovery showed to $ 73.793. However, this recovery was not enough to increase the price over $ 75,000 again.

This decrease was also negatively reflected in Bitcoin’s market value. With a decrease of approximately 8 %, the market value decreased by $ 67 billion and fell to $ 1.48 trillion.

This harsh decline in Bitcoin is not only unique to the crypto -money. Similar decreases in Asia, European and American stock exchanges were observed.

As the main reason for this, President Donald Trump’s announcement of new customs tariffs for some countries, especially China, is shown.

This statement increased concerns about global economic growth, while investors have turned to panic.

As of April 7, Japan’s Nikkei 225 index fell by 7.8 %compared to the previous day, while the Topix index depreciated by 7.7 %. China’s Shanghai compound index fell more than 7.3 %.

The South Korean Stock Exchange has suffered the hardest loss since the 2008 financial crisis. Due to the sudden decline in technology shares, the KOSPI index decreased by 8.8 %, while the stock market commissioned transaction limitations for the first time after four years.

The Hong Kong market was also seriously affected by the situation. While the Hang Seng index decreased by 13.74 %, this ratio even increased the mainland in Chinese markets. Taiex index on the Taiwan stock exchange fell by 9.7 %and closed. These developments have created a serious atmosphere of insecurity in all Asian markets.

This tremor in traditional markets did not direct investors to safe ports. Alternative beings such as Gold and Bitcoin also received their share of the decline. Gold, at the beginning of the month reached $ 3,176, lost over 4 %and went to $ 3.030.

This shows that safe ports, where investors took refuge in the crisis periods before, have now been subjected to similar risks.

There were serious losses throughout the crypto money market. According to Coingecko data, the global crypto market value fell more than 12 %in the last 24 hours and fell to $ 2.4 trillion.

This reveals that the negative weather in traditional markets is strongly reflected in crypto beings. Large crypto beings, especially Bitcoin, have become more sensitive to macroeconomic developments.