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Crypto traders woke up feeling like they got punched in the wallet. Bitcoin, Ethereum, and the entire crypto market plunged after US stock futures opened lower — all thanks to President Trump’s aggressive new tariffs.
What Did Trump Do This Time?
Trump’s latest move is a 10% tariff on almost all imported goods — hitting China, Japan, and the EU even harder with rates as high as 34%. He called it “medicine” for the US economy. Yeah… bitter medicine.
Markets didn’t love it. Stock futures dropped fast, dragging crypto down with them.
How Bad Was The Crypto Drop?
- Bitcoin fell over 6% to $77,883
- Ethereum crashed 12% to $1,575
- Total crypto market cap lost 8%, down to $2.5 trillion
The Crypto Fear & Greed Index is now sitting at a spooky 23 — aka Extreme Fear mode.
Why Did This Happen?
Experts say weekends already have low liquidity in crypto markets. So when big sell-offs hit — like this tariff drama — prices fall faster than McDonald’s ice cream machines break.
Charlie Sherry from BTC Markets explained:
“Few large sell-offs + thin market = sharp price drops.”
Any Good News At All?
A tiny bit. Bitcoin bounced back slightly to $78,500. Ether recovered to $1,594. Some traders even think this chaos might set the stage for a future Bitcoin breakout.
