Bitcoin slides to 10-month low near $74,500 as silver rout hits risk assets
Bitcoin dropped to a 10-month low in Asia on Monday, slipping as much as 2.5% to $74,541 and staying under $76,000 by midday. This puts it close to its lowest point since Donald Trump’s return to office, after an almost 11% plunge in January that extended losses for a fourth consecutive month. The crypto slump mirrors a sharp selloff in precious metals, prompting exchanges to tighten trading rules amid wild price swings. CME Group hiked margin requirements—the cash needed to hold futures positions. Tim Waterer at KCM Trade pointed to “forced liquidations and margin increases” triggering a “cascading effect.”