Crypto Markets Slide as Tariff Fears Overshadow Inflation Data
The cryptocurrency market, which had rallied earlier in the week on hopes of easing trade tensions, experienced a significant downturn over the past 24 hours as renewed fears surrounding U.S. President Donald Trump’s tariff policies gripped global markets. Bitcoin, Ethereum, and other major cryptocurrencies saw declines that mirrored the risk-off sentiment that also swept through traditional equities.
Bitcoin (BTC), which had surged from around $75,000 to above $83,000 following optimistic market interpretations on Wednesday, saw those gains partially erased. The leading cryptocurrency currently trades around $80,500, marking a 2.42% decrease in the last 24 hours. Ethereum (ETH) faced even steeper losses, falling by 6.37% to sit…
