Crypto Markets Rattle as #TrumpTariffs Trigger Massive bitcoin plunged to $91,000 following President Trump's announcement of new tariffs on imports from China, Canada, and Mexico, igniting fears of a global trade war and inflation. The crypto market saw over $2 billion in liquidations within 24 hours, with Ethereum dropping 24% to $2,300. #Altcoins like XRP, Solana, and Cardano suffered double-digit losses. Analysts attribute the downturn to heightened risk aversion and tightening global liquidity. Despite previous optimism over crypto-friendly policies, the tariffs have overshadowed regulatory hopes, leading to a sharp decline in investor sentiment. Market participants now brace for continued volatility amid escalating economic tensions.
