The cryptocurrency market experienced a sharp decline, with a 7.37% drop to $2.84 trillion. This was the largest single-day decline in months, driven by fears over President Trump's tariff policies. All non-stablecoin cryptocurrencies in the top 45 by market capitalization traded in the red, with double-digit losses dominating the sector. Bitcoin fell below $87,000, but its market dominance increased as investors moved away from riskier altcoins. The global crypto economy has lost billions since Trump's tariff announcement. The crash was linked to concerns over tariffs on Canadian and Mexican imports and levies on Chinese goods, which could destabilize global trade and inflation. Bitcoin's relative stability compared to altcoins highlighted its role as a digital safe haven. However, its drop below $87,000 still showed market anxiety. The crash underscored the sensitivity of altcoins to macroeconomic shifts and the growing connection between crypto markets and geopolitical policy.



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