• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Bitcoin Plunge: Impact of Trump's Tariffs and Market Consequences

user avatar

by Giorgi Kostiuk

10 months ago

This week's headline is Bitcoin's largest weekly price drop, recorded as a $13,561 plunge, resulting in significant market repercussions.

A Major Bitcoin Crash

Bitcoin has experienced its largest weekly price drop of $13,561, leading to a substantial market value loss and a wave of concern among crypto traders.

Impact of Trump's Tariffs

The market crash resulted from President Trump's announcement of new tariff measures, contributing to a $300 billion slump in the global crypto market. Even Bitcoin ETFs in the US market saw an outflow of $2.27 billion due to rising interest rates and monetary policy.

Even Bitcoin ETFs in the US recorded an outflow of $2.27 million due to rising interest rates.

Future of Cryptos and Metaverses

Despite the current price dip, Bitcoin has a history of rebounding with significant gains. The metagaming industry has recently shown a rise in crypto presales reshaping the traditional gaming experience and suggesting optimism for 2025.

Bitcoin's largest weekly price drop serves as a market indicator of significant changes amid new tariffs. Despite challenges, cryptocurrencies have recovery potential, and the metaverse continues to show growth prospects.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

MEXC: The Best Exchange for New Token Listings

chest

MEXC is known for its rapid listing of new tokens and offers a wide range of trading pairs, currently providing access to over 3,000 spot trading pairs.

user avatarArif Mukhtar

Zcash Price Stability Amid Market Dynamics

chest

Zcash shows stability in its price action, benefiting from reduced regulatory risk and a network halving.

user avatarLuis Flores

XBOcom: The Best Exchange for Tokenized Stocks

chest

XBOcom offers a unique platform for trading tokenized stocks, providing access to major equities without holding actual shares.

user avatarMiguel Rodriguez

Polygon and Avalanche Prices Show Mixed Performance Amid Institutional Growth

chest

Polygon and Avalanche are experiencing price fluctuations while institutional interest grows, with significant developments in both networks.

user avatarMaria Gutierrez

Mutuum Finance Introduces Security Enhancements.

chest

Mutuum Finance has launched a bug bounty program to enhance security before its platform launch.

user avatarDavid Robinson

Ethereum Poised for Price Surge

chest

Analysts predict Ethereum's price may soon reach $4,000 due to new regulations and positive chart patterns.

user avatarAndrew Smith

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.