Crypto prices today: Bitcoin falls below $86K, altcoins drop up to 7%
Bitcoin and other blue-chip crypto tokens declined on Friday as U.S. President Donald Trump’s latest tariff move fueled investor concerns over a potential trade war.
Trump announced a 25% tariff on auto imports set to take effect next week, drawing criticism from politicians and industry leaders and sparking warnings of price hikes from global automakers.
As of 12:07 PM IST, Bitcoin was trading at $85,925, down 1.8% in the last 24 hours, while Ethereum slid 5.1% to $1,923. The overall cryptocurrency market capitalization fell 2.35% to $2.79 trillion.
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“Market sentiment is volatile, driven by macroeconomic factors like Trump’s auto tariff action,” said Avinash Shekhar, Co-Founder & CEO, Pi42.Among major altcoins, XRP fell…
