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Bitcoin has once again shown how quickly sentiment can flip in the current market. After sliding over the weekend on geopolitical worries, the cryptocurrency recovered strongly during Monday's U.S. trading session, climbing back to about US$73,400, or roughly RM289,000 at current exchange rates. Oil also gave up some of its earlier spike, slipping back below US$100 a barrel, which helped calm nerves across broader markets.
Bitcoin has seen a sharp decline, with its value dropping below RM360,000, marking one of its lowest points since it peaked at an average of RM450,000 earlier this year. The sudden downturn is believed to be tied to the recent announcement of global tariffs by U.S. President Donald Trump last week.
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