• 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

a year 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

Bhutan's Bitcoin Sales Support Public Services

chest

Proceeds from Bitcoin sales in Bhutan are being used to finance healthcare, environmental programs, and government salaries.

user avatarAndrew Smith

Analyst Highlights Misinterpretation of XRP's Short-Term Price Movements

chest

Crypto analyst Jaydee757 emphasizes the importance of viewing XRP's price movements through a longer-term lens rather than focusing on short-term fluctuations.

user avatarJacob Williams

Ali Martinez Raises Concerns Over Cardano's Market Valuation

chest

Renowned crypto analyst Ali Martinez raises concerns about Cardano's market valuation, stating it is misaligned with actual network usage and warns of potential price declines.

user avatarZainab Kamara

Pudgy Penguins Unveils New Browser-Based Game: Pudgy World

chest

Pudgy Penguins has launched its highly anticipated browser-based game, Pudgy World, which emphasizes creative freedom and community building.

user avatarSon Min-ho

Community Responds to Zeiler's Claims on Codius

chest

XRP community members respond to Steven Zeiler's claims about the Codius project, emphasizing its token-agnostic design and discussing its current status.

user avatarNguyen Van Long

Dogecoin Forms Bullish Pennant on Monthly Chart

chest

Dogecoin is showing significant technical patterns on its monthly chart, indicating a potential bullish breakout.

user avatarAyman Ben Youssef

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.