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Bitcoin and ether experience a significant drop, losing over 10% as Trump's tariffs take effect, causing a notable downturn in the crypto market.
What’s the Scoop?
- Market Reaction: Bitcoin and Ether each dropped by more than 10% following the imposition of the new tariffs by the Trump administration.
- Immediate Impact: The tariffs have injected volatility into the market, wiping billions off cryptocurrency valuations in a matter of hours.
- Market Sentiment: Investors are recalibrating risk profiles amid uncertainty, resulting in a pullback from crypto assets.
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