#TrumpTariffs

*Crypto Markets Plunge Amid Trump Tariffs*

The crypto market has taken a hit after US President Donald Trump's announcement of sweeping tariffs on major trading partners, including Canada, Mexico, and China. Bitcoin's price dropped below $82,000, while Ethereum fell to $1,797, with the total crypto market cap plummeting 5.3% to $2.7 trillion ¹.

*Risk-On Asset?*

Analysts are now firmly convinced that Bitcoin is a risk-on asset, meaning its price is driven by factors like earnings, market sentiment, and speculation. Unfortunately, this means that further market turbulence will likely negatively affect BTC's price ².

*Market Liquidations*

The total market liquidation is estimated to be around $8-10 billion, with Bybit's 24-hour liquidation alone reaching $2.1 billion. This massive sell-off has led to a significant increase in market volatility ².

*What's Next?*

As the situation continues to unfold, investors are advised to exercise caution. Some analysts predict that Bitcoin's price could drop further, while others believe it could rebound violently as the financial war unravels ².

Stay informed and stay ahead! #TrumpTariffs #CryptoNews #Bitcoin #Ethereum $BTC $ETH $XRP