Bitcoin and Altcoins Plunge Amidst Trump’s Tariff Escalation

April has witnessed significant turbulence in the cryptocurrency market. The announcement of tariffs by U.S. President Trump triggered a widespread selloff, impacting Bitcoin ($BTC) and other digital assets. Santiment’s analysis reveals that on April 2nd, Trump imposed a 10% blanket tariff as part of a “Liberation Day” policy, targeting major economies like the EU and China. This unexpected development shook financial markets and fueled a steep decline in crypto prices. Bitcoin ($BTC) dropped by more than 8%, followed by similar pullbacks in Ethereum ($ETH), Solana ($SOL), and other prominent tokens. ]