#TrumpTariffs #BTC☀️ and other cryptocurrencies were under pressure Thursday after President Donald Trump’s big tariffs reveal jolted the stock market.

The price of the flagship cryptocurrency was last 5% lower at $81,914.63, according to Coin Metrics. Ether

fell 6% and the token tied to Solana

dropped 11%.

Meanwhile, stocks cratered, with the broad market S&P 500 posting its biggest one-day loss since 2020. Shares of Coinbase

and MicroStrategy

lost roughly 7% and 10%, respectively.

Investors were rattled after Trump unveiled sweeping tariffs of at least 10% and even higher for some countries, intensifying fears of a global trade war.