Crypto Market Crashes as Trump Announces 100% Tariff on China 📉
The crypto market faced a dramatic downturn on Friday as U.S. President Donald Trump declared an additional 100% tariff on imports from China. This announcement triggered widespread panic, leading to a massive sell-off in digital assets across the board.
Bitcoin (BTC), which had been precariously trading at around $117,000, witnessed a sharp decline to under $110,000, signifying a 12% fall within a single day. Ethereum (ETH) was harsher hit, experiencing a 16% drop as its value fell below $3,700. Other prominent cryptocurrencies, including XRP, Solana (SOL), Dogecoin (DOGE), Cardano (ADA), Chainlink (LINK), and Aave (AAVE), mirrored the bearish trend with losses ranging from 20% to over 30%, deepening the market’s woes.
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