In response to concerns that a business war fueled by President Donald Trump’s tariffs on big trading partners will have a negative impact on risk property, some of the most important cryptocurrencies have fallen 10 % or more over the previous day.
Bitcoin is now trading for$ 96, 879, down over 5 % on the day and 8 % over the last week—but every other coin in the top 10, excluding dollar-pegged stablecoins, has fallen much harder.
Ethereum, for example, is down 10 % to$ 2, 940, while XRP has plummeted 15 % in the last day to$ 2.54. The native token of Solana, the chain that hosts Trump’s own meme coin, has fallen below$ 200 with a nearly 12 % dive, while original meme coin Dogecoin is feeling the pain with a 16 % daily crash to under$ 0.27.
Crypto charges were now depressed after Trump’s team revealed taxes against Canada, Mexico, and China on Friday, and fell more on Saturday when those orders were signed.
Prices are falling sharply then that hostile plans from Canada and Mexico have been revealed, raising expectations that the tariffs will have a ripple effect on all consumers and potentially lower investor interest in buying cryptocurrencies and other risky assets.
On Saturday, Trump wrote on his social media platform Truth Social that “pain” may be coming for American.
” This will be the golden age of America”! Trump wrote in all-caps. ” Will there be some problems? Yes, maybe ( and maybe not! ). However, we may restore America’s greatness, and it will be necessary for all involved.
Foreclosures of crypto future opportunities have topped$ 900 million across the industry over the last 24 hrs, per statistics from CoinGlass, led by Bitcoin with$ 180 million value of foreclosures.
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