The cryptocurrency market is undergoing a recession as traders respond to President Trump's recent executive order regarding the Strategic Bitcoin Reserve and escalating U.S. trade tariffs.

$BTC has dropped by about 4.8%, trading at around $81,729, while the value of $ETH has decreased by 8%, stabilizing just above the $2,000 mark, raising concerns about the overall health of digital assets.

According to QCP Capital, "The lower knee-jerk reaction may stem from the realization that there is no actual budget allocated for purchasing Bitcoin in the near future."