Crypto Market Suffers Major Decline Following Trump’s Speech

Trump’s recent speech, which included new tariffs and regulatory measures, triggered a significant downturn in the cryptocurrency market. Bitcoin, Ethereum, and Solana all experienced substantial drops following Trump’s announcements. The overall crypto market capitalization declined by over $2.64 trillion, reflecting investor uncertainty. Analysts point to Trump’s influence on cryptocurrency policy as a key factor behind these developments. His promotion of a government bitcoin reserve has added to the volatility seen in the market.