The crypto market plunged after Trump’s national emergency declaration and sweeping tariffs, with Bitcoin dropping to $82,876 and Ethereum falling over 6%.
Panic selling ensued as the full tariff scope was revealed, resulting in a 5.3% drop in the total crypto market cap.
The S&P 500 saw a $2 trillion loss, amplifying market uncertainty, with Bitcoin and Ethereum showing some recovery afterward.
Cryptocurrency investors are now closely monitoring global economy and potential countermeasures from various countries.