XRP and dogecoin experienced significant drops of over 10%, leading the losses among major cryptocurrencies. This decline was triggered by the confirmation of fresh U.S. tariffs on China, which caused Asian markets to also suffer. Bitcoin dropped 7% and reached its lowest price since November, down almost 30% since its peak in January. Other cryptocurrencies such as Ether, Cardano's ADA, and BNB Chain's BNB also faced losses of at least 9%. The overall market capitalization fell by 8% to $2.7 trillion. The decline in crypto markets mirrors the slump in Chinese stocks following Trump's announcement of a new tariff on Chinese imports. Traders remain bearish and expect the National People's Congress in China to impact bitcoin and crypto prices next week.



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