Crypto markets faced a downturn following US President Donald Trump's announcement of new tariffs. The tariffs include a 10% charge on all countries, with some like China facing as high as 34%. The news initially caused some price increases before a significant drop occurred.
- Bitcoin peaked at $88,500 but fell 2.6% to $82,876.
- Ethereum dropped over 6% to $1,797.
- The total crypto market cap decreased by 5.3% to $2.7 trillion.
- The Crypto Fear & Greed Index hit 25, indicating extreme fear.
| Cryptocurrency | Price Movement |
|---|---|
| Bitcoin (BTC) | $82,876 |
| Ethereum (ETH) | $1,797 |
| Market Cap | $2.7 trillion |
