#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.
*Key Market Movements:*
- _Bitcoin (BTC)_: Dropped 6% to around $82,000
- _Ethereum (ETH)_: Traded lower by 3% at $1,826.39
- _Solana (SOL)_: Traded lower by 3%
- _Binance Coin (BNB)_: Declined by 2%
- _Ripple (XRP)_: Traded higher by around 1%²
Despite the downturn, some analysts believe that Bitcoin may be entering a new phase of market maturity, with its ability to weather macro turbulence without wild swings suggesting that institutional investors are treating it as a strategic asset rather than a speculative punt.
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