Donald Trump’s announcement of new tariff plans has triggered a wave of panic selling across the crypto market. Investors are retreating to safety after the U.S. President declared intentions to raise tariffs on countries that “refuse to open their markets” to American goods. The aggressive rhetoric sent shockwaves through the digital asset space, erasing tens of billions of dollars in global market capitalization.


📉 Bitcoin, Ethereum, XRP, and Solana Plunge

According to CoinMarketCap data, the crypto market lost nearly $40 billion in value over the past 24 hours. The hardest-hit asset was Dogecoin, dropping 6.61% to $0.24, followed by XRP with a nearly 6% loss.

🔹 Solana (SOL) declined 4.75%, trading at $190.

🔹 Cardano (ADA) fell 5.38%, now at $0.80.

🔹 Ethereum (ETH) shed 2.08%, while Bitcoin (BTC) held relatively strong with a mild 0.55% drop, staying above $118,000.

Other notable altcoins such as HBAR, LINK, XLM, and SHIB also saw significant declines of 5–6%, reflecting widespread sell pressure.

💹 BNB Defies the Trend – Hits New All-Time High

Amid the chaos, BNB (Binance Coin) stood out, breaking through to a new all-time high of $809. Strong institutional accumulation is fueling the price surge, with analysts now eyeing $1,200 as the next potential target.

📊 Market Overview:

🔹 Global crypto market cap: $3.87 trillion

🔹 24h trading volume: $195 billion (−12% vs previous day)

🌐 Trump’s Ultimatum: “Open Your Markets, or Face Higher Tariffs”

In a post on Truth Social, Trump delivered a clear message: countries that maintain trade barriers against U.S. goods will face higher tariffs. However, he also hinted at reducing tariffs for nations that agree to open their markets, showing a carrot-and-stick approach in his trade diplomacy.

“I’ll only reduce tariffs if a country agrees to open up its markets to us,” Trump stated.

“If not, tariffs will be much higher.”

⚠️ Trump has already sent letters to several foreign governments, warning of up to 30% tariffs starting August 1. Treasury Secretary Scott Bessent called August 1 a “hard deadline” and stated in a Fox News interview that the U.S. has made nearly $100 billion since implementing Trump’s original tariffs.

Although the White House claims that tariffs haven’t caused inflation, June’s CPI came in at 2.7%, showing a slight improvement, but also that economic pressures persist.

📉 Markets React to Rising Geopolitical Tension

Trump’s firm stance on trade and tariff threats appear to be the catalyst behind the market-wide downturn in crypto. While Bitcoin remains relatively stable, altcoins have taken a major hit. In contrast, BNB is gaining attention for its breakout performance.

The coming days will be critical, as market participants watch closely for further statements from the White House and reactions from global partners. All eyes are on August 1, which could bring further volatility depending on geopolitical developments.


#TRUMP , #CryptoMarket , #cryptocrash , #bitcoin , #Ethereum

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