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International Business Times
International Business Times
Business
Marvie Basilan

Crypto Crash: Ethereum, Bitcoin Lead Price Bloodbath In 'Perfect Storm'

Crypto Bitcoin Donald Trump Ethereum CIA MtGox Lark Davis Polymarket Robert Kiyosaki CoinGecko
The crypto market is tumbling, with Bitcoin and Ethereum leading the price downtrend. (Credit: Bybit/flicker.com)

KEY POINTS

  • Bitcoin crashed below $54,000 Sunday night, while Ethereum plunged to around $2,200
  • Many other top tokens on CoinGecko bled Sunday night, including $ADA and $DOGE
  • Crypto maximalists urged the community to stay calm and buy the dip

The cryptocurrency market experienced a free-fall Sunday night as several financial headwinds hit the burgeoning industry hard, including news about Republican presidential candidate Donald Trump's sliding odds, continuing MtGox distributions, and U.S. recession fears.

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