Market Volatility Intensifies Amid Trade War Fears

In a dramatic turn of events late Sunday, President Donald Trump's assertive tariff policies sent shockwaves through the cryptocurrency market. The uncertainty, already palpable after Trump's Saturday announcement of tariffs on Canada, Mexico, and China, escalated further. Trump hinted at imminent tariffs on the European Union, stating they would come "pretty soon," and warned of worsening conditions for Canada and Mexico unless trade deficits and fentanyl issues were addressed.

Cryptocurrency Values Tumble

By 9:06 pm ET, Bitcoin had decreased by 4.73%, falling to $92,935. Ethereum experienced a more significant drop, plummeting 13.52% to $2,455. This downturn underscores the market's sensitivity to geopolitical tensions and trade policies.