Bitcoin Price Tumbles on Trump Tariffs; Crypto Market Cap Down $1 Trillion
- The crypto market has lost more than $1 trillion in value since its December peak.
- Uncertainty around tariff policy has overshadowed the bullishness generated by Trump’s pro-crypto plans.
- Bitcoin tipped into a bear market this week, down as much as 28% from its January record high.
A sell-off that dragged bitcoin into a bear market this week accelerated on Friday after tariff fears started overshadowing President Donald Trump’s bullish agenda for the space.
It’s an ironic development, considering Trump gave himself the moniker “crypto president” on the campaign trail last year. But after a honeymoon period for the risky assets, investors have instead elected to focus on the wide-reaching nature of Trump’s…
