#CryptoTariffDrop Donald Trump's sweeping global tariffs have scythed through all sectors of the economy — including crypto, a market that the sitting president was hailed as a champion of.

On Thursday, the morning after Trump signed an executive order enacting his "Liberation Day" tariffs, blockchain assets across the board slumped considerably as a mass sell-off ensued.

Bitcoin, the first and largest cryptocurrency, fell by 4.2 percent down to about $82,200, according to CoinDesk data, liberating nearly $6,000 in value. Ether, meanwhile, tumbled by 5.6 percent to around $1,700.

The downturn reverberated through major crypto entities. Among exchanges, Reuters reports, Coinbase Global fell by 7.7 percent, and Strategy, a major Bitcoin holder, followed with a 5.6 percent loss. One of the world's largest crypto miners, Marathon Digital Holdings, stumbled by 8.3 percent $SUI