Here's the latest crypto news from the past 24 hours:
- *Market Decline*: Bitcoin and top altcoins, including Ethereum, Solana, and XRP, have seen significant declines following President Donald Trump's reciprocal tariff announcements. Bitcoin fell 2%, while Ethereum, XRP, and Solana declined 4%, 3%, and 4%, respectively .
- *Tariff Impact*: The US will impose reciprocal tariffs on international trading partners, with a 10% baseline tariff on imports and 25% on foreign-made cars. This move has sparked market volatility, with the entire crypto market capitalization dropping by 5% .
- *Crypto Futures Liquidations*: Crypto futures liquidations have accelerated, reaching $511.77 million in the past 24 hours, with Bitcoin traders accounting for $179.71 million of that amount .
- *Other Notable News:
- Fidelity has launched a no-fee crypto IRA for US investors .
- CME is set to launch BTC and ETH spot-quoted futures for retail investors .
- A major survey has found that 1 in 5 US adults now use cryptocurrency .
- Ripple has merged RLUSD into its payments platform to expand utility .