The global cryptocurial market has taken a major hit today, total market capitalization decreasing by 5.46% to 2.63 billions of dollars. This sharp decline was triggered by a large sale after the announcement by US President Donald Trump new prices on business partners around the world, aroused concerns about global economic stability.
Bitcoin (BTC) led the slowdown, falling to $ 82,274.70, a decrease of 5.39% in the last 24 hours and a decrease of 5.67% in last week. Ethereum (ETH) also experienced a substantial drop, down 6.04% to $ 1,787.79, while XRP dropped from $ 2.76% to $ 2.00. Binance Coin (BNB) was also not spared, sliding from 2.94% to $ 588.96.
The market crisis was fueled by generalized losses in the main altcoins. Cardano (ADA) experienced a 9.25%drop, now to $ 0.6315. Solana (Sol), Dogecoin (Doge), Toncoin (Ton), ChainLink (Link), Polkadot (Dot), Avalanche (Avax), Shiba Inu (Shib) and Hedera (Hbar) were all confronted, with losses ranging from 4.83% to 11.18%.
Stablecoins like Tether (USDT) and USD Coin (USDC) remained stable, showing little price movements, investors took refuge in these less volatile assets.
The Fear & Greed index of the market is now at 24, reporting extreme fear among investors while the cryptography sector reacts to the training effects of American trade policy. With global pressure markets, all eyes are on how digital assets will react in the coming days.