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Bitcoin Stabilizes After Dropping to Lowest Level Since November

(Bloomberg) -- Cryptocurrencies recovered from an earlier plunge in a whipsaw day of trading triggered by President Donald Trump’s onslaught of tariffs on US trading partners. Most Read from BloombergHousing Agency Aims to Relocate Its DC HeadquartersThis Skinny Mexico City Tower Is Just 14 Feet Wide on One SideThe Irish Hot Press Is the Low-Tech Laundry Trick the World NeedsBoston Mayor Wu Embraces Trump Resistance as Campaign Heats UpTrump Order on CDFI Fund Risks Aid for Small Businesses, Hou

Bitcoin, Ethereum, and Dogecoin Collapse Continues

The crypto market continued to collapse on Monday as a hoped-for reprieve from President Trump's tariffs has failed to materialize. While the stock market has recovered some of its decline, crypto continues to be in the red across the board. Bitcoin (CRYPTO: BTC) is down 4.4% in the past 24 hours as of 1:15 p.m. ET, and is down 7.6% from Friday's close.