Crypto Market Plunges Nearly 6% as Trump’s Tariffs and Fed Policy Shake Investor Confidence

Description

The global crypto market took a sharp downturn on August 1, dropping nearly 6% in 24 hours, as investor sentiment soured amid escalating U.S.–China trade tensions and uncertain Federal Reserve policy. The sell-off wiped billions from crypto valuations, with Bitcoin falling to $114,322 and over $577 million in long positions liquidated, according to CoinGlass data. Trump’s Tariffs Spark Crypto Panic President Donald Trump’s announcement of aggressive new tariffs , ranging from 10% to 50% on impor...