President Trump's recent tariff decisions have led to a catastrophic decline in the crypto market, erasing $200 billion in value within a single day. Altcoins, particularly smaller cryptocurrencies, have experienced substantial drops, with memecoins like Dogecoin and Shiba Inu among the hardest hit, suffering losses of up to 20%. Bitcoin and Ethereum also faced declines, though some positive sentiment persists due to institutional investments in Bitcoin ETFs. Experts warn that the market might face further challenges before stability returns, as economic uncertainty dampens investor confidence.
In just 24 hours, President Trump's tariffs have significantly impacted the crypto market, leading to a loss of $200 billion, particularly among altcoins.
Smaller cryptocurrencies, notably memecoins like Dogecoin and Shiba Inu, have suffered large losses, with some down by 20% in just one day.
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