Trump’s Tariff Action Sparks Market Turmoil: Bitcoin and Ethereum Plunge

President Trump’s recent decision to lift tariffs on essential food imports has triggered significant volatility in global markets. Notably, Bitcoin (BTC) experienced a sharp decline, dropping below $91,292. Ethereum (ETH), after 126 trading days, also fell below the critical $3,000 mark. Several other cryptocurrencies suffered losses exceeding 5%. This event raises crucial questions about the future trajectory of the cryptocurrency market and its potential impact on Bitcoin and Ethereum’s prices. We delve into these issues and analyze the implications for investors.