Trump’s New Tariff Proposal Sends Shockwaves Through Crypto Market

A new tariff proposal by U.S. President Donald Trump, which could impose a staggering 500% tariff on countries trading with Russia, has sent shockwaves through the crypto market and caused widespread panic. The bill targets nations continuing to buy Russian oil and gas, seeking to increase pressure on Moscow economically as part of ongoing sanctions efforts. Bitcoin and Ethereum, already vulnerable due to geopolitical tensions, saw sharp declines. Global crypto market cap plunged after a 0.74% decrease.