Bitcoin, along with other major digital assets, saw a sharp drop after a surprise move by the U.S. administration caught markets off guard.<\/p>\n
The tariff plan, unveiled during a speech at the White House Rose Garden, introduced a 10% duty on a wide range of imports, with significantly higher rates targeting nations perceived as having unfair trade practices with the U.S. Initially, markets showed a brief sign of optimism, but that faded quickly as the reality of the aggressive tariffs set in. The unexpected severity led to a wave of sell-offs, affecting both traditional financial markets and cryptocurrencies.<\/p>\n
Bitcoin, which had been maintaining strong momentum above $87,000, suddenly fell below $82,000, marking a 5% loss. Ethereum also took a hit, dropping to just under $1,800, while XRP struggled after losing 7%, barely staying above the $2 mark. The abrupt downturn left many market participants questioning the stability of digital assets during such economic shocks.<\/p>\n