XRP, SOL Lead Drop as BTC, Stocks Slide in Tariff-Fueled Wipeout
By James Van Straten (All times ET unless indicated otherwise)
Fear is gripping financial markets, triggered largely by President Donald Trump’s tariff announcements, with Hong Kong stocks plunging 14% on Monday, the most since the Asian Financial Crisis in 1997, and Taiwan and Japanese stocks sliding 10%.
European equities didn’t fare much better. The FTSE 100, DAX and CAC 40 are each down more than 5%.
Nor were crypto markets immune. Bitcoin (BTC) fell 10% over 24 hours, dipping below $75,000, and ether (ETH) plunged 22%. XRP and SOL also nosedived more than 20%, while DOGE is down more than 15%. Bitcoin dominance continues to rise, hitting 63%, a level not seen since early 2021. The CoinDesk 20 index, a measure of the broader market,…
