Crypto Market Takes Hit: Trump Tariffs Drive Selloff

Cryptocurrencies faced a sharp decline today, mirroring the broader stock market turmoil fueled by trade tensions related to former President Trump’s tariffs and fears of escalating inflation. Liquidations exceeded $500 million as investors reacted to the volatile environment. The S&P 500 lost a staggering $2 trillion in mere minutes, offering a glimpse into the potential impact on traditional markets.