#CryptoTariffDrop The recent decline in cryptocurrency prices is primarily linked to President Trump's newly announced tariffs, which have unsettled global financial markets. Bitcoin saw a sharp 6% drop, briefly touching $82,000, while the overall crypto market declined by approximately 3%, fueled by concerns over a potential global economic slowdown.

There is growing apprehension about a possible U.S. recession, with Deutsche Bank cautioning that these tariffs could shrink the country's GDP by as much as 1.5% this year. This economic uncertainty has weakened investor confidence, contributing to the crypto market's downturn.

Key Market Movements:

Bitcoin (BTC): Fell 6% to around $82,000

Ethereum (ETH): Declined 3%, trading at $1,826.39

Solana (SOL): Dropped 3%

Binance Coin (BNB): Decreased by 2%