Bitcoin, Ethereum, and Ripple Decline as Trump’s Team Considers Higher Tariffs
Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP) faced significant declines on Monday amid reports that former President Trump’s team is considering broad-based tariff increases.
Key Highlights:
Bitcoin drops further, following a 4.29% decline over the past week.
Ethereum closes below $1,861 support, signaling potential further losses.
XRP slips under its 100-day EMA, indicating a possible extended correction.
BTC continued its downward trajectory, trading below $82,000 after last week’s losses. Ethereum and XRP mirrored BTC’s movement, posting declines of 9.88% and 12.40%, respectively.
According to a Wall Street Journal (WSJ) report, Trump’s team is contemplating a tariff hike of up to 20% ahead of a key deadline on Wednesday. The Kobeissi Letter also noted on X that April 2 represents more than just a tariff deadline, hinting at broader economic implications.