Crypto Markets Slide as Trump Tariff Threats Spook Investors
Digital assets faced broad selling pressure, with total market capitalization dropping over 3% amid geopolitical tensions. Bitcoin briefly fell below $88,000 before stabilizing near $89,000, while ethereum underperformed with a 7% decline below the psychologically critical $3,000 level.
The centralized finance sector led losses, dropping 5.06% according to SoSoValue data. Binance Coin and OKB both fell nearly 5%, while Aster lost 5.3%. Weakness extended across DeFi, Layer 1, and meme coin sectors—though select tokens including River and Keeta bucked the trend with gains.
Market participants attribute the selloff to renewed trade war fears after former President TRUMP floated aggressive tariff policies. The downturn follows last week's rally, suggesting traders are taking profits amid macroeconomic uncertainty.
