Crypto Market Slumps: Why $2.65 Trillion Dip Is Happening Amid U.S. Tariff News

The cryptocurrency market experienced a significant decline on Friday, falling to approximately $2.65 trillion after a 1.02% drop in the past 24 hours. This downturn came amid global market reactions to recent U.S. tariff news. Bitcoin, Ethereum, and XRP witnessed temporary rallies earlier this week before retracing as global markets reacted. While traders face uncertainty, a rebound is anticipated with interest rate cuts from the Federal Reserve expected next year.