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Economic Turmoil: Crypto Market Loses 25% Of Value As Recession Worries Mount

  • The crypto market is experiencing a significant downturn driven by concerns over a potential trade war and disappointment in US government's crypto reserve plans.
  • Bitcoin has fallen nearly 4%, Ethereum down 10%, XRP down 4%, Solana down 7%, and Cardano down 8% as investors retreat from riskier assets.
  • Aggressive tariff policies imposed by the new US administration have raised fears of a trade war, pushing investors towards safer investments.
  • Disappointment over the lack of immediate buying pressure from formalizing a Bitcoin reserve and declining risk appetite have contributed to a 25% drop in the crypto market's total market cap.

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