Trump’s Tariff Announcement Triggers Sharp Crypto Market Drop

Cryptocurrencies suffered significant losses following President Donald Trump’s declaration of a national emergency and the implementation of broad 10% tariffs on all imports, targeting major economies like China, Japan, and the European Union. Initial optimism, fueled by traders’ hopes for an end to uncertainty, pushed Bitcoin (BTC) to its session high of $88,500 before a dramatic shift occurred as investors grasped the full economic impact of the policy.