The cryptocurrency market dipped on Monday, with Bitcoin trading at its lowest since the November 2024 US election rally. The cryptocurrency market experienced significant losses as global markets faced considerable stress due to the US administration’s implementation of reciprocal tariffs. At the same time, Ripple’s XRP dropped by 20%, BNB fell by 9%, and Solana declined by 17%. At 2:44 am ET, Bitcoin was down 4.32%, selling at $74,981.94. Ethereum posted even deeper losses, falling 7.18% to $1,466.22.