Crypto Crash Deepens As Trump Tariffs On Canada, Mexico And China Ignite Trade War
The crypto crash deepened after US President Donald Trump slapped swingeing trade tariffs on Mexico, Canada and China. The crypto market slumped more than 10% overall in the past 24 hours, with market leaders Bitcoin (BTC) and Ethereum (ETH) both suffering heavy losses. Bitcoin plunged more than 6% to trade below the psychological $100K level at $94,035.62 as of 2:06 a.m. EST. The largest altcoin by market cap, ETH, plummeted over 19% to trade at $2,498.05. The rest of the top 10 largest cryptos all suffered 24-hour losses as well. Cardano (ADA) took the largest blow in the top 10 list after its price plummeted more than 23%. SPX6900 (SPX) was the biggest loser overall among major cryptos by market cap following its 28% implosion. The meme coin sector plummeted 18.2% to a market cap of $75 billion, according to CoinGecko, with Dogwifhat (WIF) the biggest loser among the top 10 meme coins with a 26.6% loss. Trump Starts Trade War With Long-Threatened Tariffs, Triggering Cry...