Donald Trump's tariffs have significantly impacted the cryptocurrency market, causing volatility and uncertainty. Here's how:
*Short-term Effects:*
- *Price Drops*: Bitcoin fell by 5% to around $82,000, and Ethereum dropped below $1,800, following Trump's tariff announcements.
- *Market Liquidations*: Crypto futures liquidations totaled over $450 million, reflecting a broader risk-off sentiment.
- *Volatility*: The tariffs have fueled market uncertainty.
