Market Uncertainty Escalates

Following President Donald Trump's announcement of new tariffs on Canada, Mexico, and China, the cryptocurrency market experienced significant volatility. The situation worsened when Trump hinted at imposing tariffs on the European Union, causing further distress among investors.

Impact on Cryptocurrencies

By 9:06 pm ET, Bitcoin had dropped 4.73% to $92,935, while Ethereum saw a sharp decline of 13.52%, trading at $2,455. These movements underscore the sensitivity of digital currencies to global economic policies and trade tensions.

What's Next?

Trump's vague timeline for implementing EU tariffs and his warning of potentially harsher measures against Canada and Mexico have left markets on edge. Investors are closely watching for any developments that could further impact the cryptocurrency landscape.