#CryptoTariffDrop :Today’s Crypto Tariff Drop saw Bitcoin briefly fall below $82,000 after President Trump announced new global tariffs, sparking financial market turmoil. Smaller cryptocurrencies suffered sharper losses: Ethereum (-10.4%), Solana (-16.3%), and XRP (-12.4%). Crypto-related stocks, including Coinbase (-7%) and Robinhood (-9%), also declined. Bitcoin’s market dominance surged to 63%, its highest in months. Analysts cite institutional demand via Bitcoin ETFs as a stabilizing factor. Meanwhile, traditional markets tumbled, with the Dow Jones (-4%) and Nasdaq (-6%) falling. Investors are bracing for continued volatility as economic uncertainty grows.
Sources: MarketWatch, Investopedia.