Bitcoin and other cryptocurrencies face volatility amid discussions of new US tariff measures.
Impact of Trump's Tariffs on Crypto Sectors
Bitcoin and altcoins have faced price volatility again following Donald Trump's tariff announcements. Major cryptocurrencies, including Dogecoin and XRP, have held their positions. However, the overall market capitalization of crypto, excluding bitcoin, is down 36% from its December 2024 peak.
Crypto Market Winners: Bitcoin, Dogecoin, and XRP
Despite the volatility, Bitcoin maintains its position thanks to large investor demand. Dogecoin and XRP also showed resilience, demonstrating significant growth over the past six months. However, their prices are subject to short-term fluctuations.
Increased Pressure on Altcoins and Meme Coins Due to Trump's Tariffs
US trade tensions continue to rise, negatively affecting some altcoins. Cardano, Solana, and Chainlink have faced the greatest losses, remaining 60-90% below their all-time highs.
The cryptocurrency market continues to face pressure due to uncertainty surrounding US trade policy. Market participants are watching developments and making efforts to minimize risks.
