Crypto Market Sinks After Trump’s 50% Tariff on EU Imports.
The cryptocurrency market is facing a sharp downturn following Donald Trump’s announcement of a 50% tariff on all European Union imports starting June 1, 2025. This aggressive trade policy has sparked fear among global investors, triggering a widespread sell-off across major crypto assets. Bitcoin (BTC) and Ethereum (ETH) have seen significant drops, with altcoins like Solana and Cardano following suit, causing the total market capitalization to shrink by hundreds of billions.
Investor panic is the driving force behind the crash. As economic uncertainty rises and fears of a trade war grow, many are pulling out funds from high-risk assets like crypto. The domino effect began with BTC, which dragged Ethereum and the altcoin market down with it. Selling pressure continues to build, with no clear sign of stability in sight.
Still, some analysts believe this may be a temporary reaction. If the U.S. and EU manage to resolve tensions diplomatically, a market recovery is possible. Until then, traders are urged to stay cautious, avoid leverage, and focus on long-term strategies to weather the storm.
