Well, that escalated quickly. The crypto market just got rocked after the U.S. slapped new tariffs on imports—10% across the board, with even steeper rates for China, the EU, and Japan. Almost instantly, Bitcoin and Ethereum took a nosedive, and traders started sweating.
The Damage So Far
- Bitcoin dropped about 5%, sinking to $78,892
- Ethereum got hit harder, plunging 9.6% to $1,617
- The entire crypto market lost 10% of its value overnight—now sitting at $2.4 trillion
Not exactly the weekend rally investors were hoping for.
Fear Takes Over
The Crypto Fear & Greed Index—which measures trader sentiment—just crashed to 23 (that’s “Extreme Fear” territory). Everyone’s freaking out, dumping coins, and waiting to see what happens next.
What the Experts Are Saying
- Arthur Hayes (BitMEX co-founder) thinks this could actually be good for Bitcoin long-term, since economic chaos tends to drive people toward crypto.
- Bill Ackman (billionaire investor) is sounding the alarm, calling the tariffs an “economic nuclear war” and begging for a 90-day pause to negotiate.
What Comes Next?
Nobody knows. The market’s always been sensitive to political drama, and this is no exception. Traders are glued to the news, waiting to see if:
- More countries retaliate with their tariffs
- The U.S. backs down (unlikely, but possible)
- Crypto bounces back or keeps bleeding.
One thing’s clear: When governments start throwing economic punches, crypto doesn’t just sit on the sidelines. Buckle up.
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