The cryptocurrency markets have witnessed a noticeable decline following the announcement by U.S. President Donald Trump regarding new tariffs on imports, raising investor fears and leading to a decrease in the value of many digital currencies.
- Bitcoin (BTC): Its value dropped by 5% to around $82,200.
- Ethereum (ETH): Decreased by 10.4%.
- Solana (SOL): Fell by 16.3%.
- Ripple (XRP): Decreased by 12.4%.
Impact on the markets:
These tensions have led to a sharp decline in traditional financial markets, with U.S. markets losing about $3.5 trillion of their value. The cryptocurrency markets were also affected, as investors sought to reduce risks amid escalating trade tensions.