Ethereum's Sharp Decline Amid Economic Uncertainties

On Thursday, Ethereum experienced a significant drop, losing over 2% of its value. This downturn comes as global economic tensions escalate, following the latest round of trade tariffs imposed by major economies.

Wider Impact on Cryptocurrency Markets

The decline in Ethereum is part of a broader retreat in risk assets. Investors are reacting cautiously to China's retaliatory measures, which were prompted by the United States' imposition of extensive tariffs.

Bitcoin also saw a decrease, dropping 0.97% to $82,345.31 by 8:05 am ET. Similarly, Ethereum was down 2.08%, trading at $1,778 at the same time.