• 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

Authorities Investigate Home Invasion and Crypto Theft in Versailles

chest

Authorities in Versailles are investigating a home invasion where three suspects posed as police and stole approximately 1 million in Bitcoin from a couple in their late 50s.

user avatarMaya Lundqvist

Analysts Predict Future Price Movements for Avalanche (AVAX)

chest

Analysts predict that Avalanche (AVAX) may enter a sideways trajectory in the coming months, with a potential price target of $9.55 by June 2026.

user avatarLeo van der Veen

Avalanche (AVAX) Experiences Significant Price Rally

chest

Avalanche's AVAX price has surged by 32% in the last 24 hours amid a broader crypto market rebound.

user avatarLi Weicheng

Gemini's Stock Recovers After Executive Changes and Layoffs

chest

Gemini's stock has rebounded after a significant drop following the announcement of executive departures and layoffs.

user avatarTenzin Dorje

Ethereum Remains a Top Investment Choice Despite Recent Performance

chest

Ethereum remains a top investment choice despite its recent performance.

user avatarAisha Farooq

Winklevoss Twins Move $130 Million in Bitcoin to Gemini Hot Wallets

chest

The Winklevoss twins transferred approximately $130 million in Bitcoin to Gemini hot wallets, indicating potential sellside positioning.

user avatarBayarjavkhlan Ganbaatar

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.