#CryptoTariffDrop Impact on the cryptocurrency market:
Bitcoin (BTC): Following the announcement of tariffs, the price of Bitcoin fell below $77,000. This decrease is attributed to investors' risk aversion due to trade tensions.
Ethereum (ETH): Ethereum also experienced a significant drop, reaching its lowest level in two years. Additionally, transaction fees on the Ethereum network have decreased to historic lows, indicating lower activity on the network.
Altcoins: Other cryptocurrencies, such as XRP, have suffered sharp declines. XRP, for example, fell to its lowest level in five months due to the economic uncertainty generated by tariff policies.
Expert perspectives:
Analysts suggest that, although current trade tensions are negatively affecting cryptocurrencies in the short term, they could strengthen in the long term if investors perceive them as a hedge against economic instability.
In summary, recent tariff policies have generated volatility in the cryptocurrency market, affecting both prices and activity on blockchain networks.