US President Donald Trump announced reciprocal tariffs against all countries with a trade relationship with the US. This led to a spike in market volatility, with Bitcoin initially climbing to $88,500 before crashing back to $85,100. Other cryptocurrencies like Ethereum, Solana, BNB, XRP, and Dogecoin also saw decreases in value. Investors have been cautious due to uncertainty surrounding Trump’s tariff plans, but clarity could alleviate market uncertainty. Bitcoin’s market cap is $1.66 trillion with a 24-hour trading volume of $43.23 billion. The total crypto market is valued at $2.68 trillion with a 24-hour volume of $108.91 billion, and Bitcoin dominance is at 61.89%.

Leave a Reply