Bitcoin News
By Evie Vavasseur
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Bitcoin faced significant selling pressure, dropping 7.8% against the Taiwan dollar and hitting a one-month low.
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Bitcoin’s slump against the Taiwan dollar mirrored the global risk-off sentiment that had developed over the weekend, with investors rushing to liquidate risk assets.
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The losses in Bitcoin’s market capitalization during April have been staggering, with the total value of Bitcoin shedding roughly $110 billion.
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The catalyst for the market bloodbath came from Taiwan, where the country’s largest publicly traded company, Taiwan Semiconductor Manufacturing Company (TSMC), experienced its…
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The impact of the Taiwan market crash was not limited to Taiwan alone. The fallout was felt across Asia and the Middle East, with major stock indices in Japan, Hong Kong, and…
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Surprisingly, even traditional safe-haven assets like gold, typically sought after in times of financial crises, failed to provide the expected protection. Gold saw a drop of 2.
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The sharp declines in both traditional markets and Bitcoin suggest a deeper global financial instability.
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