Crypto Crash: Bitcoin and Ethereum Plunge After Donald Trump Slaps Full Tariffs on China Imports
Bitcoin and Ethereum, the two major cryptocurrencies, crashed after United States President Donald Trump announced a 100% tariff on ‘any and all critical software’ import goods from China. The continuing trade tensions between the two countries were significantly heightened by this move.
According to Reuters, Bitcoin had dropped 8.4% to £78,000 ($104,782) as of 21:20 GMT. Ethereum also had a 5.8% decline, settling at £2,700 ($3,637).
XRP, DOGE and Ada fell around 19%, 27%, and 25% in the last 24 hours, respectively, Bloomberg reported.
Crypto prices have taken a nosedive as investors react to fears about the economy and global trade, particularly in light of Trump’s recent declaration about tariffs on Chinese imports.
Analysts claim that…
