• 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

Polymarkets Surpasses $4 Billion in Total Volume with Chainlink Integration

chest

Polymarkets' five-minute and fifteen-minute crypto markets have surpassed $4 billion in total trading volume, with over $200 million generated in the first week of trading.

user avatarMaria Fernandez

Zcash Surges Past Resistance Level, Analyst Predicts Bullish Trend

chest

Zcash (ZEC) has surged past the resistance level of a Descending Triangle pattern, indicating a potential bullish trend.

user avatarGustavo Mendoza

Solana Price Faces Downward Correction After Failing to Maintain Above 85

chest

Solana's price has dipped below 85, entering a short-term bearish zone, while showing signs of potential consolidation.

user avatarRajesh Kumar

US Treasury Launches Cybersecurity Initiative for Crypto Industry

chest

The US Department of the Treasury has announced a new initiative aimed at enhancing cybersecurity measures for digital asset firms.

user avatarMiguel Rodriguez

Adam Back Responds to Bitcoin Creator Speculations

chest

Cryptographer Adam Back clarifies his tweet 'We Are All Satoshi', denying claims of being Bitcoin's creator and emphasizing the importance of anonymity in the cryptocurrency space.

user avatarLuis Flores

Binance and OKX Founders Clash Again Over Autobiography

chest

The feud between Binance founder Changpeng Zhao and OKX founder Star Xu has resurfaced, sparked by Zhao's autobiography.

user avatarArif Mukhtar

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.