#USTariffs
Why is Crypto Crashing Again? #bitcoin Drops 10% in 24 Hours
The broader crypto market is currently witnessing a drastic downtrend with Bitcoin dropping 10% and other major altcoins – including Ethereum (ETH), Solana (SOL), XRP – falling over 15% in the past 24 hours. 📉
The downward slide comes after a brief flicker of hope on Monday after Donald Trump’s strategic reserve announcement, which led to crypto market improving from the slump. As of now, the crypto market has dropped over 10% in market cap, with it now sitting at $2.77 trillion. 💰💰
The drop in crypto market coincides with the U.S. stock market crash as S&P 500 falls 2% right after Trump’s announcement of tariff policies implications. Following that, the Dow Jones also fell 650 points in the last trading hours of Monday’s session.
Bitcoin Price Falls 10%🚨
In the past 24 hours, Bitcoin price has dropped nearly 10% while falling from the daily high of $93,600 and currently trading near $83,300 – as per Coinmarketcap data.
Is President Trump to Blame?💥
While Trump seems to be becoming friendlier with the crypto industry, many investors and experts have accused him of manipulating the crypto market with his latest memecoin project and crypto reserve announcements. The price of BTC, ETH, SOL, XRP, and ADA – all included in crypto reserve – have now declined even below their price before announcement.💵💵
#GPSAirdropOnBinance #BinanceSquareTurkey #BinanceSquareTips