Dogecoin (DOGE), the popular memecoin featuring a dog logo, has plunged 16.72% over the past week as investors grow concerned that tariffs imposed by U.S. President Donald Trump could negatively impact the market.
The token, favored by Elon Musk, is now trading at $0.1905, making it the biggest loser among the top 10 cryptocurrencies.
Previously, Trump accused China of violating a recently agreed trade ceasefire. U.S. Treasury Secretary Scott Bessent acknowledged that talks with the Asian giant had stalled.
This uncertainty has not only affected altcoins but also impacted Bitcoin, the world’s largest cryptocurrency. Bitcoin dropped 4.40% over the past week to $103,000 after previously reaching an all-time high of $111,000.
What do you think?
🔹 Will Trump’s trade war make the crypto market even more volatile?
🔹 Is this a buying opportunity or should we expect more downside?
🔹 Could political decisions become a bigger threat to crypto than regulations?
#CryptoNewss #TrumpTariffsNews #MarketWatch
