Broad U.S. tariffs under Trump spark concerns over recession and inflation
Bitcoin drops to $78,915 (-4.85%) — first break below $80K since Nov 2024
Ethereum -10.95%, XRP -8.20%, Solana -9.97%, Cardano -10.68%
Total crypto market cap falls to $2.51 trillion (-5.61%)
Opinion
Trump’s tariff escalation is amplifying global macro uncertainty, fueling a flight from high-risk assets like crypto. With technical support levels breaking across the board, the market may face further near-term corrections.
Core Sell Point
The tariff shock has triggered a sharp break below key technical and psychological levels for major cryptocurrencies — significantly increasing short-term downside risk in the digital asset market.
The crypto market took a hard hit following sweeping tariff announcements from former President Donald Trump, as investors braced for a potential economic slowdown and rising inflation.
Bitcoin dropped below the key $80,000 threshold for the first time since November 2024, falling to $78,915 — a 5.5% drop from the previous day’s peak.
Other major cryptocurrencies followed suit:
Ethereum plunged 10.95% to $1,588
XRP slid 8.20%
Solana dropped 9.97%, and
Cardano sank 10.68%
Even digital assets previously referenced by Trump as “strategic” weren’t spared. The total crypto market cap slid by 5.61% to $2.51 trillion, marking its lowest level since March 11.
At the core of this selloff is investor anxiety that Trump’s all-out tariff campaign — including duties of up to 54% on Chinese imports and 30%+ on key tech partners — will fuel inflation while undermining global trade and economic growth.
As risk aversion rises and technical support levels break, analysts warn that further downside could follow, especially if macro uncertainty deepens in the weeks ahead.
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