India, April 3 -- Prices of cryptocurrencies plunged in the past 24 hours in tandem with the bearish trend in global markets triggered by the trade tariff announcements on Wednesday. Overall crypto market capitalization is currently at $2.63 trillion, implying losses of 4.2 percent in the past 24 hours.
Global market sentiment has been heavily impacted in the aftermath of the sweeping reciprocal trade tariffs announced by President Donald Trump. Fears of the tariffs jeopardizing economic growth and fueling inflation weighed heavily on market sentiment.
Wall Street Indexes are trading with heavy losses. Dow Jones has slipped 2.6 percent to the level of 41,121.64 whereas S&P 500 has erased 3.5 percent to trade at 5,475.13. The Nasdaq Compos...