Crypto Market Buckles Under Broadening Market Panic
The cryptocurrency market experienced a significant downturn on Tuesday, mirroring a sharp sell-off in traditional equities as U.S. President Donald Trump’s escalating trade policies triggered widespread investor unease.
The total cryptocurrency market capitalization shed 5.8%, plummeting from $2.65 trillion to $2.49 trillion, reflecting a growing risk-off sentiment across asset classes.
Bitcoin (BTC) led the crypto decline, falling by 6.37% overnight, while Ethereum (ETH) saw an even steeper drop of 10.58%, and Solana (SOL) retreated by 7.13%. This synchronized downward movement indicates that the crypto market, which had previously shown some resilience amidst trade war anxieties, is now succumbing to the broader market panic.
The…
