#CryptoTariffDrop
The crypto market's decline in the past week was due to several key factors: 
1. US Trade Tariff Policy: US President Donald Trump's administration imposed new trade tariffs that triggered global economic uncertainty. This led to a sell-off in various sectors, including cryptocurrencies. 
2. Fund Outflows from Bitcoin and Ethereum ETFs: In the past two weeks, Bitcoin ETFs in the US recorded net outflows of $1.14 billion-the largest since their launch. The withdrawals were triggered by concerns about trade tariffs, inflation, and monetary policy. 
3. Change in Investor Sentiment: Social media data shows an increase in bearish Bitcoin price projections. Many retail investors who entered the market in late 2024 started selling their assets at a loss, which exacerbated the price decline. 
4. US Macroeconomic Conditions: The US stock market opening, including the S&P 500 E-Mini Futures index, opened on the downside. Investors are still waiting for certainty regarding potential new tariff policies from the Trump administration that could potentially trigger an escalation of the trade war. 
The combination of the above factors contributed to the significant decline in the crypto market over the past week. 
