Bitcoin has experienced a significant decline, dropping as much as 12% within the past day and falling below the $75,000 threshold.
As reported by crypto.news, the cryptocurrency’s price dipped to as low as $74,604 in the last 24 hours. This downturn comes in the wake of falling Asian and European markets following President Donald Trump’s recent tariff announcements.
Currently, Bitcoin has managed to recover slightly, standing at $73,793. However, it has yet to surpass the $75,000 mark. The largest cryptocurrency by market capitalization has seen its value plummet approximately 30% below its all-time high of $108,786, reached just three months ago. Additionally, Bitcoin’s market cap has also suffered, declining nearly 8% and losing close to $67 billion, with its current market capitalization now at $1.48 trillion.
The sharp decline in Bitcoin’s value coincides with noticeable drops in major stocks across Asian, European, and American markets, largely attributed to the effects of Trump’s tariffs. Asian markets, in particular, are facing their worst two-day stretch for Wall Street stocks in five years.
On April 7, Japan’s main index, the Nikkei 225, closed 7.8% lower than the previous day, while the broader Topix exchange fell by 7.7%. China’s Shanghai Composite Index also reported a decline of more than 7.3%.
Gaius Otutu is the owner of GistsNaija, which was launched in 2012.
Gaius Otutu is a prominent Nigerian businessperson who has made a name for himself in the world of entrepreneurship. Born and raised in Delta State, Nigeria, into a family of 6, with his Siblings Blessing, Favour, Henry. Gaius has always had a keen eye for business opportunities and a strong desire to make a positive impact on his community. He started his entrepreneurial journey at a young age and has since become a highly successful and well-respected figure in the Nigerian business world.
Gaius passion for business was evident from an early age, as he was always looking for ways to make money and create opportunities for himself. He started his first business while still in secondary school, and it was clear from the beginning that he had a natural talent for entrepreneurship. After completing his education, Gaius fully dedicated himself to building his career and making his mark in the business world.
One of Gaius most notable ventures is GistsNaija, a leading Nigerian entertainment and news website that he founded in 2016. GistsNaija has grown to become one of the most popular and trusted websites in Nigeria, attracting millions of visitors each month. The platform provides a wide range of content, including Movies, music, news, and entertainment, and has become a go-to source for many Nigerians seeking the latest updates and information.
In addition to GistsNaija, Gaius has also ventured into other business areas, including Tech and real estate. His keen eye for spotting emerging trends and his ability to connect with his target audience have been key to his success in these ventures. Gaius has demonstrated an impressive understanding of consumer behavior and market dynamics, allowing him to build thriving businesses that meet the needs and desires of his customers.
on 9 April, 2025 | 
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