Crypto Markets React to Fed Rate Cut Decision Amidst Recession Fears

Crypto markets experienced significant volatility this week ahead of President Trump’s tariff announcement, which imposed a 10% fee on imports. Major cryptocurrencies like Bitcoin (BTC), Ether (ETH), Solana (SOL), and XRP reacted to the news with both gains and drops before settling with mixed results. While initial bullishness waned as global markets declined following the speech, prices rebounded on Friday morning. Bitcoin remained above $83,100, ETH reclaimed $1,800, and XRP, SOL, and ADA each rose over 2%. 50% higher than Wednesday.