Crypto markets tumble as Trump’s tariff plans rattle investors; Bitcoin falls to $82K, Ethereum slides 7%

Cryptocurrency markets took a sharp hit today as Bitcoin (BTC) plunged to an intraday low of $82,000, while Ethereum (ETH), Solana (SOL), and XRP extended their losses, falling between 3% and 7%.

The downturn comes amid heightened macroeconomic uncertainty, with US President Donald Trump pushing forward with new tariffs on the European Union, escalating fears of a global trade war.

Investors reacted cautiously, leading to over $700 million in liquidations across the crypto market in the last 24 hours.

Bitcoin and Ethereum lead the decline

Bitcoin price dipped nearly 4%, reaching $85,107 at press time, after briefly touching an $82K low.

Liquidations in BTC alone accounted for $460.86 million, highlighting the market’s vulnerability.

Meanwhile, Ethereum saw a sharper decline, shedding 7% to trade at $2,308.

ETH hit an intraday low of $2,255 before attempting a slight recovery, but its market dominance slipped by 10%.

Altcoins in the red as market cap shrinks

• XRP: Fell over 5% to $2.18 as whale activity saw 370 million XRP offloaded.
  
• Solana (SOL): Down 4% to $137, with $27.75 million in liquidations.
  
• Dogecoin (DOGE): Dropped 2.5% to $0.2045, while Shiba Inu (SHIB) and Pepe Coin (PEPE) traded near previous levels.

The overall cryptocurrency market cap declined by 5% to $2.79 trillion, while trading volume dropped 19% to $153.54 billion, signaling a risk-off sentiment among traders.

While most cryptocurrencies faced losses, a few altcoins bucked the trend:

• Kaito (KAITO): +40% to $2.44
  
• Story (IP): +20% to $6.63
  
• Optimism (OP): +11% to $1.20

Biggest losers of the day

• Bitget Token (BGB): -10% to $3.94
  
• Kaspa (KAS): -7% to $0.08588
  
• Ronin (RON): -6% to $0.982

Meanwhile, Asian share markets were mixed on Thursday, as Wall Street indexes rose amid tariff threats from President Donald Trump.

While Australia’s ASX 200 gained, Japan’s Nikkei 225 hovered around the flatline, and South Korea’s Kospi extended losses.

Overnight on Wall Street, the S&P 500 gained 0.26%, ending a four-day losing streak to close at 5,956.06.

The Dow Jones Industrial Average fell 188.04 points, or 0.43%, closing at 43,433.12 after initially rising as much as 0.6%.

The Nasdaq Composite advanced 0.26% to end at 19,075.26, supported by gains in tech stocks.

Traders remain on edge as Trump’s tariff strategy fuels economic volatility. With global markets reacting to the escalating trade tensions, cryptocurrency whales have intensified selling pressure, adding to liquidity constraints.

The coming days will be crucial as investors assess the impact of these macroeconomic shifts on digital assets.

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