#CryptoTariffDrop The recent crypto tariff drop is largely attributed to President Trump's newly announced tariffs, which have sent shockwaves across global financial markets. Bitcoin's price dropped as much as 6%, briefly touching $82,000, while the broader crypto market shed around 3% amid rising fears of a global economic slowdown.¹

The tariffs have sparked concerns over a potential US recession, with Deutsche Bank warning that the tariffs could reduce US GDP by up to 1.5% this year. This uncertainty has led to a decline in investor sentiment, causing the crypto market to plummet.