Yigit Taha OZTURK 
The cryptocurrency market has been hit by a sharp decline. Bitcoin, the world’s largest cryptocurrency, has plummeted from $85,000 to $75,000, marking an approximate 11.76% drop in a very short period. This unexpected drop has caused concern among investors and traders alike.
Ethereum Falls from $1,835 to $1,410!
Following the decline in Bitcoin, Ethereum has also seen a massive downturn. The second-largest cryptocurrency by market capitalization has dropped from $1,835 to $1,410, reflecting an even steeper loss of around 23.18%. Analysts point out that the sudden fall indicates a growing fear sentiment in the market.
You Might Be Interested In: Elon Musk Talks About the Name of a New Memecoin!
Market-Wide Panic and Trump’s Tariff Shock!
One of the biggest factors behind the current downturn is believed to be recent global economic uncertainty triggered by Donald Trump‘s newly implemented tariffs. Trump’s aggressive trade policies, which include increased tariffs on several countries, have intensified concerns about global economic stability. These actions have not only rattled traditional markets but also sent shockwaves across the crypto space.
With sharp price drops in Bitcoin and Ethereum, traders are shifting into risk-off mode, pulling funds from digital assets and seeking safer havens. Volatility is expected to continue as the effects of these macroeconomic shifts play out in the coming days.
You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our Telegram, YouTube, and Twitter channels for the latest news and updates.