Trump’s Surprising Comments Trigger Drop in Cryptocurrency Prices

Key Points

1. Bitcoin (BTC) dropped by approximately $3,000 from its daily high, falling to the $120,000 level.

2. Ethereum (ETH) hovered near the $3,000 mark amid the market decline.

3. Trump threatened Russia with a 100% secondary tax on countries doing business with Russia, aiming to financially pressure it.

4. Trump declared heavy tariffs would be imposed if no agreement is reached within 50 days, mentioning potential 100% secondary tariffs personally.

5. The market reaction highlights the sensitivity of cryptocurrency prices to geopolitical statements and economic policies.