Cryptocurrencies have had an incredible run over the past few months, but that’s coming to an end as many altcoins are crashing this week.

According to data provided by S&P Global Market Intelligence, Solana (SOL 5.85%) had dropped 14.5% over the past week as of 4 p.m. ET, Chainlink (LINK -2.58%) was down 15.9%, Sui (SUI 0.87%) had fallen 14.9%, and Cardano (ADA -3.01%) was down 17.4%.

A skittish market hits crypto

For cryptos, the policy and enforcement environment in the U.S. is improving, but the market is looking at the economy as a potentially damaging headwind in 2025.

President Donald Trump said tariffs on imports from China, Canada, and Mexico could begin next week and more may be coming. That…