Some of the most valuable cryptocurrencies have plunged by 10% or more over the past day amid fears that a trade war fueled by President Donald Trump’s tariffs on major trading partners will negatively impact risk assets.

Bitcoin is now trading for $96,879, down over 5% on the day and 8% over the last week—but every other coin in the top 10, excluding dollar-pegged stablecoins, has fallen much harder.

Ethereum, for example, is down 10% to $2,940, while XRP has plummeted 15% in the last day to $2.54. The native token of Solana, the chain that hosts Trump’s own meme coin, has fallen below $200 with a nearly 12% dive, while original meme coin Dogecoin is feeling the pain with a 16% daily crash to under $0.27.

Crypto prices were already depressed after Trump’s team revealed tariffs against Canada, Mexico, and China on Friday, and Go to Source to See Full Article
Author: Andrew Hayward

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