Crypto Tariff Drop Analysis

The cryptocurrency market experienced a significant downturn following the implementation of U.S. President Donald Trump’s tariffs on Chinese goods. Bitcoin dropped 4.1% to $76,550, while Ethereum fell 8.3%, marking its lowest level since March 2023. The tariffs intensified fears of a global economic slowdown, triggering $411 million in crypto liquidations within 24 hours. Broader financial markets also suffered, with bond yields surging and equities nearing bear market territory. Analysts noted that uncertainty surrounding trade policies has led to increased volatility in both traditional and digital asset markets, further exacerbating the selloff.