Crypto Market Suffers Major Crash: XRP, SOL Plunge as Bitcoin Falls Below $75K Amid Trade War Fears

Global financial markets are experiencing a tumultuous period as U.S. President Donald Trump’s aggressive tariffs have triggered widespread sell-offs in both equities and cryptocurrency. This has resulted in a significant decline for Bitcoin (BTC), which dropped below the $75,000 mark for the first time in weeks. Major altcoins such as XRP and Solana (SOL) witnessed dramatic losses exceeding 20%, reflecting a broader risk aversion across the crypto landscape. The CoinDesk 20 index, which tracks top crypto assets, suffered a 12% drop in just one day, demonstrating the extent of the market turmoil. Bitcoin dominance rose to its highest point since early 2021, indicating a potential shift in investment trends.