Crypto Market Plunges Nearly 6% as Trump’s Tariffs and Fed Policy Shake Investor Confidence
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The global crypto market took a sharp downturn on August 1, dropping nearly 6% in 24 hours, as investor sentiment soured amid escalating U.S.–China trade tensions and uncertain Federal Reserve policy.
The sell-off wiped billions from crypto valuations, with Bitcoin falling to $114,322 and over $577 million in long positions liquidated, according to CoinGlass data.
BTC's price records a slight decline on the daily chart. Source: BTCUSD on Tradingview
Trump’s Tariffs Spark Crypto Panic
President Donald Trump’s announcement of aggressive new tariffs, ranging from 10% to 50% on imports…
