#TrumpTariffs

The crypto market is down, and almost all big coins like $BTC $BNB , and $SOL are in the red. But why did this happen? Well, there isn’t just one reason—there are a few things that happened at the same time and caused this big drop.

1. Introduction of New Tariffs

President Donald Trump's announcement of new reciprocal tariffs affecting a broad range of international trading partners has unsettled financial markets. These tariffs have raised concerns about potential economic slowdowns, prompting investors to move away from riskier assets like cryptocurrencies. Following the announcement, Bitcoin's price dropped from nearly $88,000 to just over $83,000.