EddieJayonCrypto

 2 Apr 25

tl;dr

US President Donald Trump's announcement of reciprocal tariffs against countries with trade relationships with the US caused significant market volatility, including a downturn in the cryptocurrency market. Bitcoin initially rose to $88,500 but then fell back to around $85,100 after the announcement...

US President Donald Trump's announcement of reciprocal tariffs against countries with trade relationships with the US caused significant market volatility, including a downturn in the cryptocurrency market. Bitcoin initially rose to $88,500 but then fell back to around $85,100 after the announcement. It continued to decrease, trading at $84,382 at press time, down 0.99% over 24 hours. Other digital assets also experienced losses, with Ethereum down 1.66%, Solana down 1.59%, and BNB down 2.16%. The market uncertainty surrounding Trump's tariff plans has led to caution among investors, but the clarity provided by the announcement could alleviate this uncertainty. At the time of press, the total crypto market is valued at $2.68 trillion with a 24-hour volume of $108.91 billion, and Bitcoin dominance stands at 61.89%.

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