• 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

Aave Faces Major Crisis Following Kelp DAO Exploit

chest

Aave is facing a major crisis due to a $293 million exploit at Kelp DAO, leading to a confidence crisis and significant withdrawals.

user avatarJesper Sørensen

Aave's Borrowing Activity Collapses Post-Crisis

chest

Aave's borrowing activity has dramatically declined post-Kelp DAO exploit, signaling a lack of confidence in the protocol.

user avatarRajesh Kumar

Ethereum Market Sees Shift Towards Derivatives Trading

chest

A significant divergence has been observed in Ethereum trading, with derivatives gaining dominance while spot market volumes decline.

user avatarLucas Weissmann

Senate Banking Committee Moves Forward with Warsh's Nomination for Fed Chair

chest

The Senate Banking Committee has advanced Kevin Warsh's nomination to succeed Jerome Powell as Fed chair.

user avatarFilippo Romano

Federal Reserve Maintains Steady Interest Rate Amid Global Economic Concerns

chest

The Federal Reserve maintained its benchmark interest rate steady at 3.5% to 3.75% amid global economic concerns.

user avatarEmily Carter

CLARITY Act Moves Closer to Senate Vote

chest

The long-awaited CLARITY Act is nearing its final procedural hurdle in the Senate, with a vote expected in May.

user avatarTomas Novak

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.