As President Donald Trump’s latest tariff announcements sent shock waves through global markets, the cryptocurrency sector found itself caught in the crossfire, raising questions about the long-term implications for crypto and blockchain.

The immediate reaction in the crypto market was one of volatility. Bitcoin fell as much as 5% from its recent highs to trade around $82,000. Ethereum and other major cryptocurrencies also suffered losses, with Ethereum dropping below $1,800. This volatility led to liquidations in crypto futures totaling over $450 million in the past 24 hours. The sell-off reflects a broader risk-off sentiment, as investors retreated from volatile assets in favor of traditional safe havens like gold.