🌎 Cryptocurrency Market Plunges Amid US Tariff Fears

Cryptocurrency Market Under Pressure Amid US Tariff Threats

Cryptocurrencies faced significant pressure on Saturday, following the US tariff threats that triggered market turbulence earlier in the week. The move by President Donald Trump to impose tariffs on imports from Mexico, Canada, and China, despite the pause on Mexico and Canada, had a ripple effect on investors, leading to sell-offs across equities and digital assets.

The crypto market has also been flooded with over 700 fraudulent tokens capitalizing on Trump’s name, which has further eroded investor confidence, leading to heightened volatility. This wave of scams has only added to the market chaos, making it challenging for investors to navigate the space.

Regulatory Uncertainty Surrounding Meme Coins

Rumors of Kanye West’s potential launch of a token did little to ignite activity in the market. According to analysts, the crypto market’s next moves will depend on whether the tariff threats escalate and how investors react to the regulatory uncertainty surrounding these new meme coins. This uncertainty has led to a decline in investor confidence, resulting in a downturn in the market.

“The crypto market’s next moves will depend on whether the tariff threats escalate and how investors react to the regulatory uncertainty surrounding these new meme coins.”

Cryptocurrency Prices Take a Hit

As of 10:30 a.m. EST, major cryptocurrencies have seen significant declines in their prices over the past week. Here’s a snapshot of the current prices and 7-day gains/losses:

Bitcoin (BTC): $95,988, -5.8%
Ethereum (ETH): $2,609, -19.4%
Solana (SOL): $194.06, -14.2%
XRP (XRP): $2.41, -18.9%
Dogecoin (DOGE): $0.2496, -22.4%
Shiba Inu (SHIB): $0.00001561, -15.4%

For investors looking to navigate the current market uncertainty, here are some tips to keep in mind: